The stuff about "twisting" has to do with the euler class. Over $\mathbb{C}$, you can replace your line bundle with an oriented $R^2$ bundle. Then you can pose the question of finding consistent polar coordinates - if there is no twisting this is doable (because the nontwisted case is just $P^1 \times \mathbb{R}^2$, so you can pull back the coordinates). The osbtruction to twisting can be thought of as twisting of the polar angle, and it can be measured by a class in $H^2(\mathbb{P^1}, \mathbb{Z}) \cong \mathbb{Z}$.
There are a few ways to build this class -- you can use the general cohomological machinery described on the wikipedia page, and it is also possible to construct a differential form. I think the differential form gives a better geometric feeling -- the form is built by trivializing your bundle on some cover, putting polar coordinates on each trivialization, and then studying discrepancies of the angle on the overlaps. The result of this construction is a 2-form that will pullback to give the differential of the angle form (the 1 form on the total space that restricts to $d \theta$ on each fiber) along the map $E \to X$, where $E$ is the total space.
I learned this from this essay (section 1.2), where there is more detail and explicit computation: http://w3.impa.br/~massaren/files/CCCAG.pdf
On $\mathbb{CP}^1$, by Poincare duality $H^2$ is isomorphic to $H_0$, and from $H_0$ we have a degree map. Following these maps, $O(n)$ gets sent to $n$, so $O$ is not twisted, but $O(1)$ is twisted in some way. $O(2)$ is twisted by twice as much as $O(1)$, $O(-1)$ twists in the "opposite" direction.
Another (more concrete) approach to this feeling of twistedness are the transition maps for the trivializations using the $S^2 - N$ and $S^2 - S$ (remove north and south poles, respectively) cover of $\mathbb{CP}^2$. Every line bundle on $P^1$ will trivialize on this cover. Try to write down the transition map and think about what that map looks like on $\mathbb{C}^*$. This is related to the "clutching" construction in algebraic topology.
For varieties where the trivializations are not so easy, the euler class still works for intuition.
Is this visualization? It's more of a justification of a feeling of "twistedness." However, I think that is also "geometric."