A materialize node means the output of whatever is below it in the tree (which can be a scan, or a full set of joins or something like that) is materalized into memory before the upper node is executed. This is usually done when the outer node needs a source that it can re-scan for some reason or other.
So in your case, the planner is determining that the result of a scan on one of your tables will fit in memory, and it till make it possible to choose an upper join operation that requires rescans while still being cheaper.