convert datetime

CONVERT(DATETIME, CONVERT(VARCHAR(10), GETDATE(),120), 120)

I am using the above to only get the date and exclude the time.  

I get Jul  7 200

Is there a way that I can get 07/07/2006 instead?

I got this convertion from another question that I asked and just cut and paste, but can anyone walk me through with what its doing?  

thanks!!