When Michio Kaku talks about science he often likes to refer to string theory and sometimes to his equation which looks like this (not sure if wrote right): $$L = \Phi^\dagger[i\partial_{\tau}-H]\Phi + \Phi^{\dagger} \ast \Phi \ast\Phi .$$ It appears to me like some field theory Lagrangian with an interacting and a free part but I have no idea what it actually describes.
Can all of string theory really be summarised in this equation? Can someone give a brief description?