The variant spelling /* FALL THRU */ is also common.
The effect of the above code is to do_green() when color is GREEN, do_red() when color is RED, do_blue() on any other color other than PINK, and (and this is the important part) do_pink() and then do_red() when color is PINK. Fall-through is considered harmful by some, though there are contexts (such as the coding of state machines) in which it is natural; it is generally considered good practice to include a comment highlighting the fall-through where one would normally expect a break. See also Duff's device.