They probably meant that XOR is reversible, unlike AND or OR. For encryption, this is interesting primarily for Vernam ciphers - those where your cipher creates the key stream that you XOR with the data stream. On the receiving side, you can XOR an encrypted stream with the same key stream and return the text back.
It is also interesting in terms of cryptanalysis. For example, if two streams were encrypted with the same key stream, XORing them with each other gives you the XOR of two plaintext streams, and all the effects of the key stream are deleted. At this stage, you can use the "sliding window" technique: XOR, in your opinion, can be in one message at different points with this stream, and if it is there, the result will be an understandable text of another message.
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