[Kevin Darrah] wanted to make a simple 3.3V regulator without using an integrated circuit. He wound up using two common NPN transistors and 4 1K resistors. The circuit isn’t going to beat out a cheap linear regulator IC, but for the low component count, it is actually pretty good.
In all fairness, though, [Kevin] may have two transistors, but he’s only using one of them as a proper transistor. That one is a conventional pass regulator like you might find in any regulator circuit. The other transistor only has two connections. The design reverse biases the base-emitter junction which results in a roughly 8V breakdown voltage. Essentially, this transistor is being used as a poor-quality Zener diode.