What does "Clear Graphics Context" means?

ios, uiview

Solution

When it is checked, iOS will draw the entire area covered by the object in transparent black before it actually draws the object. It is rarely needed.

Beginning IOS 5 Development: Exploring the IOS SDK, page 81, paragraph3.

Problem

In Xcode 4.3, when you choose some UIView object placed in .xib, you can find out there is an option saying "Clear Graphics Context". What does it means?

Original source