Mod of power 2 on bitwise operators?

He meant that taking number mod 2^n is equivalent to stripping off all but the n lowest-order (right-most) bits of number.

For example, if n == 2,

number      number mod 4
00000001      00000001
00000010      00000010
00000011      00000011
00000100      00000000
00000101      00000001
00000110      00000010
00000111      00000011
00001000      00000000
00001001      00000001
etc.

So in other words, number mod 4 is the same as number & 00000011 (where & means bitwise-and)

Note that this works exactly the same in base-10: number mod 10 gives you the last digit of the number in base-10, number mod 100 gives you the last two digits, etc.