That can be used to access value(s) of the column depending a bit where it is being used. Usually I use (or rather I don't as I prerfer using [Row()]) to access value of current row
Names Default To Here(1);
dt = open("$SAMPLE_DATA/Big Class.jmp");
/*
Show(row());
show(:name[]); // will fail as current row is 0 (non-valid)
*/
Row() = 1;
show(:name[]);
show(:name[Row()]);
show(:name[1]);
Row() = 28;
show(:name[]);
show(:name[Row()]);
show(:name[28]);