I'm just starting to learn T-SQL and could use some help in understanding what's going on in a particular block of code. I modified some code in an answer I received in a previous question, and here is the code in question:

DECLARE @column_list AS varchar(max) 
SELECT @column_list = COALESCE(@column_list, ',') + 
    'SUM(Case When Sku2=' + CONVERT(varchar, Sku2) + 
    ' Then Quantity Else 0 End) As [' + 
    CONVERT(varchar, Sku2) + ' - ' + 
    Convert(varchar,Description) +'],'
FROM OrderDetailDeliveryReview 
Inner Join InvMast on SKU2 = SKU and LocationTypeID=4
GROUP BY Sku2 , Description
ORDER BY Sku2 

Set @column_list = Left(@column_list,Len(@column_list)-1)

Select @column_list

----------------------------------------

1 row is returned:
,SUM(Case When Sku2=157 Then Quantity Else 0 End) As [157 -..., SUM(Case ...

The T-SQL code does exactly what I want, which is to make a single result based on the results of a query, which will then be used in another query.

However, I can't figure out how the SELECT @column_list =... statement is putting multiple values into a single string of characters by being inside a SELECT statement. Without the assignment to @column_list, the SELECT statement would simply return multiple rows. How is it that by having the variable within the SELECT statement that the results get "flattened" down into one value? How should I read this T-SQL to properly understand what's going on?