When used, this parameter will present a build-time a choice to select a Git tag (or revision number) which set a parameter for parametrized build.
Be aware that git does not allow us get additional information (like author/commmit date) from a remote URL this plugin will silently clone the project when you your workspace is empty. This may take a long time when we have a slow connection and/or the checkout is big.
Your workspace is empty when you start the first build or when you have explicitely deleted the workspace.
Often the parameter defined in the "Name" field is used to specify the branch of the git checkout.