new string what?

strNoWOCalDate = string(2-len(month(cdate(strCalDate))), "0") & month(cdate(strCalDate)) & string(2-len(day(cdate(strCalDate))), "0") & day(cdate(strCalDate)) & right(year(cdate(strCalDate)),2)


Does anyone know what the heck the above is doing?
I'm in the process of updating it to C# but that is classic ASP/VBScript code. I just dont quite get what its doing there.