What is happening inside of this Generic<> example?

I'm studying the Generics chapter in Herbert Schildt's Java: A Beginner's Guide, 7th Edition, and I'm not exactly clear on one of the examples.

The full program:

class TwoGen<T, V> {

    T object1;
    V object 2;

    TwoGen(T obj1, V obj2) {

        object1 = obj1;
        object2 = obj2;
    }

    System.out.println("Type of T is " + object1.getClass().getName());
    System.out.println("Type of V is " + object2.getClass().getName());

    // getters

    T getObject1() {
        
        return object1;
    }

    T getObject2() {

        return object2;
    }
}

second class:

class SimpleGen{

    public static void main(String[] args) {

        TwoGen<Integer, String> twoGenObject = new TwoGen<Integer, String>(88, "Generics");

        ...snip...

    }
}

I'm struggling to understand this line:

TwoGen<Integer, String> twoGenObject = new TwoGen<Integer, String>(88, "Generics");

What exactly is happening here? To me it looks like an object of TwoGen is being instantiated, but it's being fed two arguments, so what is the result? One object that has two types? Or are two objects being constructed simultaneously here?

Or maybe I'm just misunderstanding altogether...