This page is a part of continuing efforts to make the LightWave documentation complete. If a link takes you back to the main page, it leads to a page that hasn't yet been created. Let us know if you find one!
The n variable is the internal polygon number (which can be seen if you use the Info tool) and the offset variable is counted from that initial selection. If you select every 5th polygon in n this tool will get the first poly, the 6th, the 11th etc. If you have an offset of 1, it gets the second poly, the seventh, the twelfth, etc. The internal polygon number can be referenced from the Selection Info panel.