This is an Oracle-specific notation for an outer join. It means that it will include all rows from t1, and use NULLS in the t0 columns if there is no corresponding row in t0.
In standard SQL one would write:
SELECT t0.foo, t1.bar
FROM FIRST_TABLE t0
RIGHT OUTER JOIN SECOND_TABLE t1;
Oracle recommends not to use those joins anymore if your version supports ANSI joins (LEFT/RIGHT JOIN) :
Oracle recommends that you use the FROM clause OUTER JOIN syntax rather than the Oracle join operator. Outer join queries that use the Oracle join operator (+) are subject to the following rules and restrictions […]