In simple words, a control variable is what is kept the same throughout the experiment, (ie, "control the variable in an experiment") and it is not of primary concern in the experimental outcome. Any change in a control variable in an experiment would invalidate the correlation of dependent variables (DV) to the independent variable (IV), thus skewing the results.
Example:
Temperature is a common type of controlled variable. If a temperature is held constant during an experiment, it is controlled. Other examples of controlled variables could be an amount of light, using the same type of glassware, constant humidity, or duration of an experiment.