I think the idea is, suppose you have an oracle which tells you if a Turning machine will halt, in finite time. There will still halting problems for that oracle system, which requires an oracle from a higher level system. (That is how I interpret "an oracle that magically gives you the answer to the halting problem for a lower number of interleavings will have its own halting problem it cannot decide in higher numbers of interleavings").
This appears to discuss it a bit more. Not certain if it's more helpful than the comment (still going through it), but it does cover it more in detail.
An HN comment search, https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu... , finds a few more lay examples, with https://news.ycombinator.com/item?id=21210043 by dwohnitmok being the easiest for me to somewhat make sense of.
I think the idea is, suppose you have an oracle which tells you if a Turning machine will halt, in finite time. There will still halting problems for that oracle system, which requires an oracle from a higher level system. (That is how I interpret "an oracle that magically gives you the answer to the halting problem for a lower number of interleavings will have its own halting problem it cannot decide in higher numbers of interleavings").