[java] What does the arrow operator, '->', do in Java?

While hunting through some code I came across the arrow operator, what exactly does it do? I thought Java did not have an arrow operator.

return (Collection<Car>) CollectionUtils.select(listOfCars, (arg0) -> {
        return Car.SEDAN == ((Car)arg0).getStyle();
});

Details: Java 6, Apache Commons Collection, IntelliJ 12

Update/Answer: It turns out that IntelliJ 12 supports Java 8, which supports lambdas, and is "folding" Predicates and displaying them as lambdas. Below is the "un-folded" code.

return (Collection<Car>) CollectionUtils.select(listOfCars, new Predicate() {
    public boolean evaluate(Object arg0) {
        return Car.SEDAN == ((Car)arg0).getStyle();
    }
});

New Operator for lambda expression added in java 8

Lambda expression is the short way of method writing.
It is indirectly used to implement functional interface

Primary Syntax : (parameters) -> { statements; }

There are some basic rules for effective lambda expressions writting which you should konw.

I believe, this arrow exists because of your IDE. IntelliJ IDEA does such thing with some code. This is called code folding. You can click at the arrow to expand it.

This one is useful as well when you want to implement a functional interface

Runnable r = ()-> System.out.print("Run method");

is equivalent to

Runnable r = new Runnable() {
        @Override
        public void run() {
            System.out.print("Run method");
        }
};

It's a lambda expression.

It means that, from the listOfCars, arg0 is one of the items of that list. With that item he is going to do, hence the ->, whatever is inside of the brackets.

In this example, he's going to return a list of cars that fit the condition

Car.SEDAN == ((Car)arg0).getStyle();