What is an owner drawn listbox?

Question

Please excuse my ignorance, but I have come across this term "owner drawn" listbox. Can someone experienced with this explain what exactly that is?

Answer 1

Buttons, menus, static text controls, list boxes, and combo boxes can be created with an owner-drawn style flag. When a control has the owner-drawn style, the system handles the user's interaction with the control as usual, performing such tasks as detecting when a user has chosen a button and notifying the button's owner of the event. However, because the control is owner-drawn, the parent window of the control is responsible for the visual appearance of the control. The parent window receives a message whenever the control must be drawn.

Read this msdn article.