Not paraphrasing mjc123 is hard...
The simplest representation would have been one electron with the same energy as if it were alone on orbital 1, the other as if it were alone on orbital 2, and their electrostatic repulsion computed between orbitals as if these didn't adapt.
Though, two electrons around one nucleus rearrange themselves. If one electron can be located in some smaller volume around the nucleus, the other probably isn't there, because they repel an other. The result is that the global energy is lower than if the repulsion worked between orbitals that didn't adapt.
It's a fundamental idea of quantum mechanics that only one wavefunction Ψ(r1, r2) is written for both electrons in positions r1 and r2. It differs from two wavefunctions Ψ(r1) and Ψ(r2) whose product would not include this adaptation.
No movement is needed here. This is abstract for me too. I wrote "If one electron can be located..." and not "when" because, if these electrons form a so-called "stationary" solution (they often do), there really is no movement. At any time, Ψ gives a probability to find the electrons in smaller volumes around positions r1 and r2, you can also derive a probability to find any electron in a smaller volume around position r, and these probabilities don't depend on time at all. This absence of movement explains why electrons as orbitals don't radiate. It's the big breakthrough of quantum mechanics to explain the atom.
By the way, classical electrons too would rearrange themselves in a similar situation, resulting from the same repulsion energy q2/|r1 - r2|/4πε, and you would observe that they find a combination of positions or trajectories, farther apart, with an energy lower than if computed without adaptation. Quantum mechanics only adds the wave behaviour which permits, among others, stationary solutions.
The solution Ψ(r1, r2) has no algebraic expression. What mathematical trick is used to approximate it - and has given it a name - is useful to know but shouldn't let misunderstand the unique Ψ for several particles.