The F-variate, named after the statistician Ronald Fisher, crops
up in statistics in the analysis of variance (amongst other
things).
Suppose you have a bivariate normal distribution. You calculate
the sums of squares of the dependent variable that can be explained
by regression and a residual sum of squares.
Under the null hypothesis that there is no linear regression
between the two variables (of the bivariate distribution), the
ratio of the regression sum of squares divided by the residual sum
of squares is distributed as an F-variate.
There is a lot more to it, but not something that is easy to
explain in this manner - particularly when I do not know your
knowledge level.