Improve Subqueue title help text

"What to display for the subqueue title; use %subqueue to embed the actual subqueue title. This is used to distinguish multiple nodequeues with subqueues from each other, as internal subqueue title is filled automatically."

I read this.
I read it again.
I squinted at it.

Now I've made a few queues I kinda get what it's driving at.
The first sentence at least.

I've no idea at all what "as internal subqueue title is filled automatically" means. As a user, should I even KNOW about an internal subqueue and what it does?
"the actual subqueue title" could do to be clearer. For a taxonomy queue, it's the term name, but obviously this form is used for other smartqueues too. "the name of the object the smartqueue is created for"? Better, but still fairly arcane. You could say "the name of the object the smartqueue is created for, eg the taxonomy term". Bonus points would be making that text change according to what kind of smartqueue we're looking at.