setq is a special form in `C source code'.

(setq [SYM VAL]...)

Set each SYM to the value of its VAL.
The symbols SYM are variables; they are literal (not evaluated).
The values VAL are expressions; they are evaluated.
Thus, (setq x (1+ y)) sets `x' to the value of `(1+ y)'.
The second VAL is not computed until after the first SYM is set, and so on;
each VAL can use the new value of variables set earlier in the `setq'.
The return value of the `setq' form is the value of the last VAL.