In Object cloning, what is "path"

When I capture a screen in Object Cloning, I am presented with a "path" to a control/object. For example:


How (if at all) should I interpret this information? What is its purpose? How do I "mentally" parse it?

(If I were to guess it would be 4th control from the parent, 66th control in that child, 4th control in that child ...)

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