What does `< <(command args)` mean in the shell?

• What does < <(command args) mean in the shell?

    while IFS= read -r -d $'\0' file; do
      dosomethingwith "$file"        # do something with each file
    done < <(find /bar -name *foo* -print0)

<() is called process substitution in the manual, and is similar to a pipe but passes an argument of the form /dev/fd/63 instead of using stdin.

< reads the input from a file named on command line.

Together, these two operators function exactly like a pipe, so it could be rewritten as

find /bar -name *foo* -print0 | while read line; do
  ...
done