SQL Server query help

What you have there is a rough equivalent of the source of the view [INFORMATION_SCHEMA].[TABLE_PRIVILEGES]. The MSDN reference is here, but that's about as useful as a chocolate teapot.

For reference, this is the source of [INFORMATION_SCHEMA].[TABLE_PRIVILEGES] on a 2000 server:

--Identifies privileges granted to or by the current user
create view [INFORMATION_SCHEMA].[TABLE_PRIVILEGES]
 as
select  
    user_name(p.grantor)	as GRANTOR
    ,user_name(p.uid)		as GRANTEE
    ,db_name()				as TABLE_CATALOG
    ,user_name(o.uid)		as TABLE_SCHEMA
    ,o.name					as TABLE_NAME
    ,case p.action		
    	when 26  then 'REFERENCES'
    	when 193 then 'SELECT'
    	when 195 then 'INSERT'
    	when 196 then 'DELETE'
    	when 197 then 'UPDATE'
    end						as PRIVILEGE_TYPE
    ,case 
    	when p.protecttype = 205 then 'NO'
    	else 'YES'
    end						as IS_GRANTABLE
 from 
    sysprotects p, 
    sysobjects o
where  
    (is_member(user_name(p.uid)) = 1
    or
    	p.grantor = user_id())
    and (p.protecttype = 204 or 	/*grant exists without same grant with grant */
    (p.protecttype = 205
    	and not exists(select * from sysprotects p2
    			where p2.id = p.id and
    			p2.uid = p.uid and 
    			p2.action = p.action and 
    			p2.columns = p.columns and
    			p2.grantor = p.grantor and
    			p2.protecttype = 204)))
    and p.action in (26,193,195,196,197)
    and p.id = o.id
    and o.xtype in ('U', 'V')
    and 0 != (permissions(o.id) &
    	case p.action
    		when 26  then 	4		/*REFERENCES basebit on all columns	*/		
    		when 193 then 	1		/*SELECT basebit on all columns	*/		
    		when 195 then 	8		/*INSERT basebit */
    		when 196 then 	16		/*DELETE basebit */
    		when 197 then 	2		/*UPDATE basebit on all columns	*/
    	end)

GO

Type 'P' is a stored procedure I believe.

master.dbo.spt_values is an internal table used by SQL Server to store run time configuration values.

What are you trying to acheive?