Soap bubble iridescence refers to the colorful shimmering effect seen on the surface of soap bubbles, caused by the phenomenon of thin film interference. This occurs when light waves reflecting off the different surfaces of the thin layer of soap and water interact with one another, leading to variations in color depending on the thickness of the film and the angle of observation. The captivating colors change as the bubble moves and as the film thins, showcasing a stunning visual display driven by the principles of physics.