Lemme take a crack at it.
Think of an automobile. Think of the charging system. Generally, the battery which has a positive and negative, has two connections. The negative terminal is attached to the chassis of the car, while the positive connects to all the various powered items.
If you were to take a light bulb, attach a wire to one terminal on the bulb, and the other end of the wire to the positive, nothing would happen.
Now, touch the second terminal of the bulb to any metal part of the automobile and current flows from the battery, through the chassis, and into the bulb.
In this case, the chassis of the car is considered grounded, although it is not connected to the ground. Grounding is basically a term, and while yes homes generally have a ground point somewhere that is planted in the earth, as was mentioned, this is merely for safety purposes.
Now, a neat trick is to find a nice healthy tomato plant and a multimeter, plug the positive probe of the meter into the plant, somewhere near the top, and put the negative probe in the dirt. Set the multimeter to measure low dc volts, and you should see some numbers, representing the
voltage present in the plant.
It isn't like every electrical device is plugged into the ground, it is more like a method of requiring less wire/circuit traces. In an automobile, and DC device can be powered simply by attaching a positive wire to it, and another which is attached to any bare metal.
Consider a car stereo. You run a power wire, usually from the fuse box, but we will say from the positive of the battery. Now, if your antenna is properly installed, it serves two purposes. One is to pick up radio channels, and the other grounds your stereo to the chassis of the car. This completes the circuit and allows you to power on your stereo.
Some of the older, cheaper stereos out there use a thing that is called "Common Grounding" And a two speaker stereo system will only have 5 wires, 1 power(positive), 1 ground(negative), Right speaker positive, left speaker positive, speaker ground.
In this case, you would install the stereo as I mentioned above, you can attach the ground wire for extra elimination of road noise if needed. To install the speakers, you run one wire from the Left + and one from the Right + to the respective speakers. Then, you can run a single wire to both speakers.