I came across a reference to it recently on proggit and (as of now) it is not explained.
I suspect this might be it, but I don\'t know for sure.
With LD_PRELOAD you can give libraries precedence.
LD_PRELOAD
For example you can write a library which implement malloc and free. And by loading these with LD_PRELOAD your malloc and free will be executed rather than the standard ones.
malloc
free