[xargs] allows you to pipe the output of one command as an argument to another command. By default it will show up at the tail end of the second command's arg list, but if you want to interleave it you can use -I flag:
No, he is trying to demonstrate how to use 'xargs node -e'.
Are you even reading this discussion properly or are you just searching for some shell snippets and ridicule them as soon as you get a chance? This is what it looks like from your history: http://news.ycombinator.com/threads?id=uselessuseof