sed 's/^.....//'
means
replace ("s", substitute) beginning-of-line then 5 characters (".") with nothing.
There are more compact or flexible ways to write this using sed or cut.
sed 's/^.\{,5\}//' file.dat
worked like a charm for me
awk '{print substr($0,6)}' file
sed 's/^.\{,5\}//' file.dat
Source: Stackoverflow.com