The equation d sin θ = mλ describes the condition for constructive interference in a multiple slit diffraction pattern. Here, 'd' is the distance between adjacent slits, 'θ' is the angle of the diffracted light, 'm' is the order of the interference (an integer), and 'λ' is the wavelength of the light. This relationship illustrates how light waves spread out after passing through multiple slits, creating a series of bright and dark spots on a screen due to constructive and destructive interference.