Phenotype refers to observable traits or characteristics of an individual. For example, height, color, shape, et cetera.
Phenotypic variation refers to the sum total of variations in characteristics within populations of the same species.
In contrast, genotypic variation refers to the sum total of variations (such as allele frequency) present in the genome of populations of the same species.
Phenotypic variation, then, is the variability in phenotypes that exists in a population. For example, people come in all shapes and sizes: height, weight, and body shape are phenotypes that vary. Hair, eye color, and the ability to roll your tongue are variable phenotypes, too.