White forces with and (the order of which is important) then with threatens to make a second eye: Black can't make it false at the marked point, because White will push through at a and take two stones. So he plays , upon which White connects at .
Now at first sight, the shape is one of a dead group: a three point eye, and a false eye at the top.
Surprisingly enough, White plays first and then , capturing two Black strings at once. This makes miai of replaying under the stones!! For reference ...
Each of Black's eye-reducing moves (throw-in at and nakade at ) is possible only after White's capture. So White delays the capture of three stones and set up to capture both Black strings in one move. Then and are miai; Black can play only one of them, allowing White to make life by playing the other. This double capture technique is called nichō-nuki in Japanese.
There are many opportunities for White to go wrong. Let's analyze some:
At , if White plays instead of a, Black answers at to keep White down to one eye. If next White captures two stones at a, he throws in at . White should capture simultaneously to make miai of Black's answers. The order of a and is important.
In the main line, White hasn't yet exchanged b for , so when she plays atari at , and captures, makes miai of a and b.
If the order of and didn't matter, then either one of the answers would be different.
But Black can answer at , then at as in this diagram. Next, White comes one move too late: after , a and b are miai.