OK, here is what it really is! Why do people with absolutly no CLUE write answers on here.
The processor takes various pieces of meat, grind it and add liquid to it until it is amount liquified. It is called a slurry at that point. Then it is injected into plastic bags. It then goes into a steaming and boiling process to cook it back into a solid. Then it is shipped through distribution to the stores who then recook it.
Want proof? look at a piece of steak. You will be able to see the actual grain of the muscle. Now look at the roast beef from Arby's or Rax. You will not see any grain from muscle. A lot of your cheap lunch meat is made this way. Turkey, Ham,. Chicken can can all be processed this way. It is a way to use leftover pieces, lesser quality meat, and so on.
Even though this question gets asked frequently on here regarding Rax and Arby's, many other food service restaurants use this kind of product. Subway for one.
There is nothing wrong with it. It is the process for the restaurant to keep prices down while making as much profit as possible.
I have a friend who sells food products to restaurants. He has been to the plant where they make it and has personally seen the process.