What does this Python code mean: {k: g["value"].tolist() for k,g in ptest.groupby("id")}?

Question

>>> ptest = pd.DataFrame([['a',1],['a',2],['b',3]], columns=['id', 'value']) 
>>> ptest
  id  value
0  a      1
1  a      2
2  b      3
>>> {k: g["value"].tolist() for k,g in ptest.groupby("id")}
{'a': [1, 2], 'b': [3]}

How can I understand this code above