A (not so) Simple Explanation
if you hook up stereo speakers with the positive and negative leads backwards on one speaker only, you get an out of phase signal. Now, if you put a sound at center, it won't sound pinpointed in the center (*phantom channel), it will sound like it's coming out of both speakers or just some other location, depending on what type of sonic phenomena you have going on in your listening enviroment, sometimes it can sound like surround sound.
the reason, one speaker is moving in while the other is moving out (at the wavelength level, that is) the upper peak of one wavelength is playing in one speaker, while the lower peak is playing in the other.
* The phantom channel is an acoustic phenomena that allows for stereo positioning, when both speakers are playing the exact same thing, in phase, at the same level, and you sitting in between them... it sounds like there is a speaker in the center (or anywhere in-between) not the speakers themselves.
In my example you would correct it by reversing the leads on one speaker only, either one, doesn't matter.
The technique of reversing leads is sometimes used for custom wiring in a guitar, either the individual coils of a humbucker, or two separate pickups (what it does to the sound, I don't know, I've never tried a guitar and been told it's wired out of phase with the switch in "that" position).
a phase shifter, in stereo, will sweep in and out of phase, in a flanger-like style, giving you a 3D flange-like sound.
hope that helps you understand phasing
TX