It is a "block", a new feature Apple added to C in Snow Leopard. Lots more info available at:
https://developer.apple.com/library/mac/documentation/Cocoa/Conceptual/Blocks/Articles/00_Introduction.html
Block Objects
Block objects (informally, “blocks”) are an extension to C, as well as Objective-C and C++, that make it easy for programmers to define self-contained units of work. Blocks are similar to — but far more powerful than — traditional function pointers. The key differences are:
Blocks can be defined inline, as “anonymous functions.”
Blocks capture read-only copies of local variables, similar to “closures” in other languages
This is kind of functionality is common in dynamically-typed interpreted languages, but has never before been widely available to C programmers. Apple has published both the Blocks Languages Specification and our implementation as open source under the MIT license, added blocks support to GCC 4.2 and clang, and has submitted it for consideration as part of the next version of the C programming language.
Syntax
A block variable looks like a function pointer, except with a caret (‘^’) instead of an asterisk (‘*’).
void (^my_block)(void);