Explanation of each function:

Blur: The time it takes to go from the Home Screens to the Task Manager and back.
Task zoom***: Time it takes to go from an Application to the Task Manager and back.
Task rearrange***: Time it takes to rearrange apps in the Task Manager. (Close/Open apps)
App open: Time it takes for the launching app to fill the screen
Launcher in: Opening the first layer of the app menu
Launcher out: Leaving the first layer of the app menu
Launcher sub in: Opening the second layer of the app menu (More...)
Launcher sub out: Leaving the second layer of the app menu
App close: Time it takes for the app to leave the screen
Subview in: Time it takes for a menu to swipe in from the left/right (e.g. browser history)
Subview out: Time it takes for a menu to swipe out from the left/right (e.g. browser history)
Notification in: Time it takes for the Mail, IM notifications to come in.
Notifications out: Time it takes for the Mail, IM notifications to leave.
Rotate%: The "flip" angle of the rotation. (Browser, Phone, etc.)
Rotate in: Speed of the rotation effect going out.
Rotate out: Speed of the rotation effect coming in.
Blank min and Blank max: The minimum and maximum duration of the black box when launching (Seems to have no effect when changed.)

***Apply Changes at top, then Restart Desktop at bottom. (Try not to touch the screen while it's resetting.)