Spectral tilt is just a way to make things easier to see in a spectrogram (the visual (graph) representation of the spectrum, what you see in Praat). Spectrograms show amplitude (the "strength" of the frequency) by using darkness; if it's darker at a certain frequency, then that frequency has greater amplitude. Of course, the higher the frequency, the less energy the frequency typically has, which means it becomes harder to tell what is a formant or an increase in amplitude because it's harder to notice a more subtle difference between "rather white" and "slightly whiter". The solution is spectral tilt; the frequencies are presented as being darker (of greater amplitude) than they really are in the spectrogram so that the person analysing the spectrogram can notice the difference -- in a somewhat simplified way, you make a line following the trend of the frequencies (like you would put a line in a scatter plot to show the trend) and then you tilt the graph so that that line becomes horizontal (it's usually not quite to that extent, but it gives a more clear image). You then make the frequencies darker based on the amplitude according to this tilted graph, which means it's easier to notice the differences in amplitude in the higher frequencies.