The ## operator in C

What does ## do in C?

Example:

typedef struct
{
    unsigned int bit0:1;
    unsigned int bit1:1;
    unsigned int bit2:1;
    unsigned int bit3:1;
    unsigned int bit4:1;
    unsigned int bit5:1;
    unsigned int bit6:1;
    unsigned int bit7:1;
} _io_reg;

#define REGISTER_BIT(rg,bt) ((volatile _io_reg*)&rg)->bit##bt

(I know what it all does besides the ## part.)