Short Definition
An eigenvector is a nonzero vector whose direction stays the same under a linear transformation.
Intuition
It is a special direction that a matrix stretches or shrinks without rotating away.
Technical Definition
For a matrix A, a nonzero vector v is an eigenvector if Av equals lambda v for some scalar eigenvalue lambda.
Example
Principal components in PCA are eigenvectors of a covariance matrix.
Common Misunderstandings
Eigenvectors are directions, not just arbitrary vectors.
Their meaning depends on the matrix they come from.