sed
is the Stream EDitor. It can do a whole pile of really cool things, but the most common is text replacement.
The s,%,$,g
part of the command line is the sed
command to execute. The s
stands for substitute, the ,
characters are delimiters (other characters can be used; /
, :
and @
are popular). The %
is the pattern to match (here a literal percent sign) and the $
is the second pattern to match (here a literal dollar sign). The g
at the end means to g
lobally replace on each line (otherwise it would only update the first match).