davidong3000,
I've already tried to determine what this is and got the same basic response you are getting. No one seems capable of explaining anything in QM in simple terms. It seems that more double talk goes on than actual explanations of any form. I'm not sure if its because most people talking don't really understand it themselves and therefore can't explain it, ( but don't want to admit it) or if its because they don't want anyone else to understand it.
The fact is, QM does an obviously good job mathematically of making predictions, however, I think philosophically speaking, its gone on a rampage of its own. There are more absolutely insane (in my opinion) interpretations of QM than anyone could count.
I believe that from what I've read, spin really isn't spin at all. Whoever decided that would be what they called it made a drastic mistake in language and no one has ever been able to get rid of it. I also don't believe magnetism has anything to do with it either, but again, I'm stuck where you're at as well.
There really is NO explanation of what is meant by spin. I gave up on this topic and am currently in another thread trying to determine what exactly entanglement is and how one goes about performing its art. So far, I seem to be destined as you, but I'm hopeful someone will pop up with an explanation that one can relate to.
Good luck with your question, I'm going to continue to watch it in hopes someone can offer a real answer.
glenn