It allows you to adjust the amount of air that bypasses the TPS. It allows you to allow more air past the closed TB during idle. So if your car is surging at idle, sometimes you can allow more air to bypass the TB to calm it down.
However, they should really call it a band-aid, because it doesn't fix anything. All it does is cover up the problem that is causing the surging idle in the first place. It is no different than just upping the idle screw.