Playlists & Track View:
1. The playlists function enables you to do multiple takes of a section without moving any audio within the session.
Click the down arrow on the track and select ‘New…’. It will appear as if you’ve lost the audio track but it’s just not showing the previous playlist.
2. Naming the playlists can be useful, for example when changing mic positions or settings of a amplifier.
3. You can view all playlisted audio by selecting playlists (where the track currently displays waveform).