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What is this PS1 variable doing in .bash_profile file?

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linux-howto

http://askubuntu.com – Currently my terminal prompt looks like: blankman-MacBook-Pro:~ $ My .bash_profile has: export PS1="\[\033[36m\]\h:\W \[\033[33m\]\$(parse_git_branch)\[\033[00m\]\$(git config user.initials)$\[\033[00m\] " export SUDO_PS1='\[\e[0;31m\]\u\[\e[m\] \[\e[1;34m\]\w\[\e[m\] \[\e[0;31m\]\$ \[\e[0m\]' Does this make sense? (HowTos)