I was reading this book Art of Exploitation, which is kinda good book and I run across that example from exploit_notesearch.c file.
Briefly author tries to overflow
The author simply assumes that the C compiler will place the stacks of those two programs at the same (or very similar) virtual addresses and that the operating system will not perform address randomization (ASLR). This means that the stack frames of both main functions will be roughly at the same location, enabling this exploit.
This is not a very robust way of exploitation, as you can imagine (it will probably fail on most modern 64-bit systems). More robust exploits could use a form of return oriented programming or could try to utilize the existing char *argv pointer to the relevant stack frame.