This comes from a Hindu school of thought:
pAramArthika: My existence is not dependent upon the mind in any way.
prAtibhAsika: The dream-tiger has absolutely no existence apart from the dreamer's mind, the dream-tiger is mental activity alone. Wherever the mind sees the dream-tiger, if it saw a dream-goat instead, the perception would be just as valid.
For my own interpretation and thought process:
Picture yourself in a dark room, meditating, or sitting there quietly, in a dark room.
You're told there is a snake in the room. A big poisonous snake, in the room with you.
You can't see it. But that snake is in that room with you, in the dark room.
So you sit there, you try to meditate and drift off. But you know that snake is in that room, probably close to you.. Could most likely bite you. You sit there in fear, and wonder. Will it bite you? What is that snake doing?
Is it right next to you?
.....Maybe coiling up beside your leg?
Maybe behind you ready to bite if you move a muscle...
During that time of wondering and fear, a candle lights up.
The candle flickers.
The candle flickers for a moment and brings light to the room.
You glimpse the room in that flicker.
You see the room and you see the snake.
You see the snake, it's not a snake...
....that snake is not a snake. It's just a rope.
How do you feel?