The photoelectric effect is the emission of electrons from a metal when light is incident on the surface. The effect is due to the absorption of energy by the surface electrons causing them to become excited and thus released from the metal surface.
The wave theory for light would suggest then that, as long as we were to wait long enough, light source of any frequency should eventually cause the emission of electrons. It would also suggest that the kinetic energy of the emitted electrons would be controlled by the intensity of the light because, you would think, the brighter the light, the more energy it is providing.
However, it was observed that light intensity had no impact on the kinetic energy of the electrons and also that lower frequency light would not emit any electrons regardless of how long we wait.
On the other hand, the particle theory of light suggests that light is transmitted in 'packets' of energy called photons, each of energy E=hf, where f is the frequency and h is Planck's constant. It also suggests that electrons would absorb these photons on a one-on-one basis. This theory perfectly describes the observation as it suggests that unless an individual photon has enough energy, an electron will not be released from a metal. It also means that it doesn't matter how long we wait, if the photon doesn't have enough energy, the electrons will never be emitted. Since photon energy was only dependent on frequency, this would also explain why the electron kinetic energy was dependent on frequency and not the light intensity.
Other examples include the instantaneous emission of electrons and considerations of the work function of the material.