Nicely Stated by "bandcoach" however i wanted to add some more ;
An Oscillator is an Electronic Device (Circuit) Which Produces Repetitions of a Signal That can be in any frequency range but in our case it is between 20Hz to 20Khz (Audible range). Signal can be Square , Sine , Trianguler , Sawtooth etc. Changing Shape and other parameter of that shape Produces different impact on our ear. This Impact is sensed and enjoyed differently by us ! An Oscillator is fed with a DC power but it generates and AC at outputs ( As Our Voice is an AC Signal ) ! So, word 'Oscillations' is derived from 'Repetitions' because each Signal keeps on repeating it self until we change it by some control ( Knobs, Sliders etc ) . Some electronic component that makeup an oscillator are not kept constant (Packed or Closed ) intentionally and there variable part is kept open physically ; These Knobs are internally connected to such variable parts to alter oscillations in future !
Regards