Air conditioners blow cool air into your home by pulling the heat out of that air. The air is cooled by blowing it over a set of cold pipes called an evaporator coil. This works just like the cooling that happens when water evaporates from your skin. The evaporator coil is filled with a special liquid called a refrigerant, which changes from a liquid to a gas as it absorbs heat from the air.
The refrigerant is pumped outside the house to another coil where it gives up its heat and changes back into a liquid. This outside coil is called the condenser because the refrigerant is condensing from a gas back to a fluid just like moisture on a cold window. A pump, called a compressor, is used to move the refrigerant between the two coils and to change the pressure of the refrigerant so that the entire refrigerant evaporates or condenses in the appropriate coils.
The energy to do all of this is used by the motor that runs the compressor. The entire system will normally give about three times the cooling energy that the compressor uses. This odd fact happens because the changing of refrigerant from a liquid to a gas and back again lets the system move much more energy than the compressor uses.