"in vitro" is a Latin word that literally mean "in glass" - this refers to experiments conducted in non-living media such as glasses, petri dishes and test-tubes. "in vitro" is the equivalent of/otherwise called "ex-vivo"
"in vivo", on the other hand, also Latin, means "in life" - refering to studies conducted within living organisms.
It may help to think of these terms in reference to living organisms with:
"in vivo" meaning "INternal to a living organism"
"ex vivo" (aka "in vitro") meaning "EXternal to a living organism"