What does "Create Table #name" do?

From: Shabam (blislecp_at_hotmail.com)
Date: 09/28/04 

Date: Tue, 28 Sep 2004 05:14:28 -0700

I saw this in a stored procedure and was wondering what it does, since I
can't find the table anywhere:

set nocount on
create table #NAME (
    ...
)