The AC current doesn't actually flow _through_ the capacitor. That's an illusion.
Imagine a jar whose interior is divided by a rubber membrane -- divided all the way to the jar lid (which is screwed on to the top of the jar). Now, imagine that there are two holes in the jar lid, such that one hole is on one side of the membrane and the other hole is on the other side. If you suck the air out of one side of the jar (via the hole on that side of the jar), air will flow into the other hole and cause the membrane to extend into the side of the jar where the air is being removed. The appearance is that air is flowing into one hole and out the other, but in reality, the air coming into the jar never reaches the other hole, but is, instead, _stored_ in the divided space of the jar.
A capacitor is composed of two "plates" separated by an insulator. The insulator is like the membrane and the plates are like the two sides of the jar interior that are separated by the membrane. The air is like the electrons that flow on and off the plates when an AC voltage is applied to the capacitor. AC is like someone trying to breath through the jar. When they inhale, air goes into the other hole (the hole that doesn't have this sorry person's lips wrapped around it), and when they exhale, air flows out of the other hole. Soon, the person turns blue -- that's know as "skin effect"