It is an extension of match ergonomics, called deref patterns. There's some experimental code to make it work for `String` to `&str` (`if let "hi" = String::from("hi") {}`), but it is not anywhere close to finished. The final version will likely have something like a `trait DerefPure: Deref {}` signaling trait. There is disagreement on whether giving users the possibility to execute non-idempotent, non-cheap behavior on `Deref` and allow them to `impl DerefPure` for those types would be a big enough foot-gun to restrict this only to std or not.
The more complex the pattern, the bigger the conciseness win and levels of nesting you can remove. This comes up more often for me with `Box`, in the context of AST nodes, but because I use nightly I can use `box` patterns, which is the same feature but only for `Box` and that will never be stabilized.
[1] https://doc.rust-lang.org/std/sync/struct.Arc.html#impl-Dere...
[2] https://rust-lang.github.io/rfcs/2005-match-ergonomics.html