Make Clips Based on Scenes
Selecting this option exports clips based on
"Scene" name or other information with in the scene
column. This is useful if you want to combine all the
clips that have the same "Scene" information into one
clip in the export file. For example... If you had three
clips with "Chair" in the Scene column, and you
selected the make clips based on Scenes option, the
output would be one clip with the Mark in point from
the first clip and the mark out point from the last clip.
All other information would be pulled from the first clip
and the information in the "take" column is ignored.
*Note: this applies whether you are using the Scene
and Take columns for this type of information,
regardless of whether you renamed them.

(Individual Clips is the default and most frequently
used option of the two.)