The gerund as an adjective
In English, the -ing form of a verb is used as an adjective to describe something that CAUSES a feeling or produces an effect. From "bore" comes "boring" (causes boredom); from "excite" comes "exciting" (causes excitement); from "interest" comes "interesting" (causes interest). It is the perfect complement to the -ed adjective: -ed describes how the PERSON FEELS; -ing describes what CAUSES that feeling.