I think you mean "relativistic wave equation" also called the "Dirac equation". the slashed [tex]\partial[/tex] is Feynman's short form for [tex]\gamma^\mu\partial_\mu[/tex] where [tex]\gamma^\mu[/tex]'s are the Dirac matrices (4x4) and [tex]\mu=0,1,2,3[/tex]. In essence, it is just an equation saying that [tex]E^2-p^2=m^2[/tex] for a spin-1/2 particle with wave function [tex]\psi[/tex]. [tex]\psi[/tex] is a 4-component object.
I guess I can go on and derive everything but since I don't know what level you are at, I shall keep my explanation to that as this stage. feel free to ask again.