An EPS file is a stream of generic PostScript printing commands. Thus many PostScript printer drivers have an option to save as EPS, or to add EPS DSC information to their output which you can "print to file". Saving as EPS was a feature of Microsoft's PSCRIPT.DRV Windows printer driver and Adobe's ADOBEPS.DRV Windows printer driver for Windows versions prior to Windows 2000.[2]
Encapsulated PostScript, or EPS, is a DSC-conforming PostScript document with additional restrictions which is intended to be usable as a graphics file format. In other words, EPS files are more or less self-contained, reasonably predictable PostScript documents that describe an image or drawing and can be placed within another PostScript document.
At minimum, an EPS file contains a BoundingBox DSC comment, describing the rectangle containing the image described by the EPS file. Applications can use this information to lay out the page, even if they are unable to directly render the PostScript inside.
EPS, together with DSC's Open Structuring Conventions, form the basis of early versions of the Adobe Illustrator Artwork file format.
http://en.wikipedia.org/wiki/Encapsulated_PostScript
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