Using pointers to remove item from singly-linked list

In a recent Slashdot Interview Linus Torvalds gave an example of how some people use pointers in a way that indicates they don't really understand how to use them correctly.

Unfortunately, since I'm one of the people he's talking about, I also failed to understand his example:

I've seen too many people who delete a singly-linked list entry by keeping track of the "prev" entry, and then to delete the entry, doing something like

if (prev)
    prev->next = entry->next;
else
    list_head = entry->next;

and whenever I see code like that, I just go "This person doesn't understand pointers". And it's sadly quite common. People who understand pointers just use a "pointer to the entry pointer", and initialize that with the address of the list_head. And then as they traverse the list, they can remove the entry without using any conditionals, by just doing

*pp = entry->next

Can someone provide a bit more explanation about why this approach is better, and how it can work without a conditional statement?