New version of VLC player

Curiosity

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With version 0.9.2 of VLC, the playlists do not work quite as they used to on my Mac. I had to delete the VLC plist file from my user library to get the text to appear in the window of the playlist.
What I would like to know is what is the function of the button with the plus sign at the bottom of the playlist window? The textbox that comes up when I press it asks you to enter the name of a node. I never realized that multimedia players had nodes. What is a node for VLC? What kind of syntax does the name of a node use, and what can you do with a node?
 
When I type in "Test", it puts a folder named "Test" inside of the "Playlist" folder. You may have to open the disclosure triangle next to "Playlist" in order to see the new "node."
 
So it is a subsection of the playlist that VLC is asking for. Why do people use obscure terminology, anyway? I had tried typing words into that box, such as "mod" and "Music", and got nowhere, so it must be pretty picky. Thanks, anyway.
 
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