Earlier quoted context omitted.
The patch for this exploit is to load AMD's updated microcode.
I'm not sure five year olds know what microcode is. I'm 35, been in tech nearly 20 years and don't recall having heard that specific term before today.
Really what ELI5 is, is a technique to allow the asker to not have to look anything up. From the parent comment, you can look up "patch", "AMD", "microcode"; or you can demand "ELI5!" and have someone else type up long, careful definitions that don't reference context or words that a 5 year old doesn't know.
Regarding what microcode is, here is a good explanation of the differences between microcode and firmware:
https://superuser.com/questions/1283788/what-exactly-is-micr...