ICs like the 555 timer need to be powered in order to operate. They therefore have two power supply pins, one positive, one negative. Oftentimes the negative pin is labeled 0 V or GND. You connect the positive power supply pin to the positive power supply rail in your circuit and you connect the negative power supply pin to the negative power supply rail in your circuit. If you are powering your circuit from a battery these connections will come from the two terminals of the battery. Check the datasheet or application notes about the need for decoupling or bypass capacitors across the power supply pins.