The plus/minus sign doesn't really have a physical meaning (e.g. charge or whatever). It roots from the fact that mathematics of oscillating wave is used to describe the electron. However, when you start combining atomic orbitals to molecular orbitals (lcao-mo theory), the sign of the wavefunction is crucial, because what you do is
square the sum of the individual wave functions to get the probability density for the MO. Hence you will have constructive interference between two wave functions of the same sign and destructive interference between different signs. Here's a neat picture:
The square of the w.f. is easy to understand, probability of finding an electron somewhere. Understanding the w.f. is another question. When I finished physical chemistry course few years back, my conclusion was that w.f. is something thoroughly abstract and complex and doesn't give you much concrete until you use operators on it or square it
You might want to check the
Copenhagen interpretation.