VSync synchronizes a game?s maximum 3D rendering frame-rate to the vertical refresh rate of the monitor. With a 60Hz vertical refresh rate, for example, a game with V Sync enabled would not be able to render frames faster than 60 FPS, which can result in pauses or lags in the action as the rendering is delayed to synchronize it with the next screen refresh.
Disable VSync to allow the video card to render frames as fast as it can, then it will be able to exceed the monitors vertical refresh rate.
Note: While disabling Vsync can allow for higher frame rates if your system is capable of it, it can also allow for some screen tearing or artifacts under certain albeit rare conditions.