In the top circuit each LED is totally independent of the other, since each has its own resistor directly to the power supply.
Thus what one LED does had no effect on the other (assuming the power supply voltage is independent of the LED currents).
In the bottom circuit the two LEDs are in parallel with one resistor in series to the power supply, so now what one LED does affects the other.
So, for example, if the normal operating voltage of one LED is 3V across it, and the other is 2V, the voltage across both LEDs will be 2V.
Since the 2V LED prevents the voltage from going to 3V, the 2V LED will hog all the current, burning brightly, while the 3V LED stays off.
Make sense?


