Try as much as you want... it won't werk for you. This stumped and frustrated me for ages until I bought that AE5.5 Magic book.
The reason for this filter (and all the 3D Channel filters) is to help you composite 3D layers rendered from Maya, 3D Max etc. that contain z-axis information to control depth perception. These files include .rla files and a couple of other formats that I can't remember right now. You can also blur along the z-plane and do some other interesting tricks (a bit of a lame explanation, I know, but I'm in werk and AE is on my machine at home so I can't check it out... sorry!!).
Anyway, see if you can download some *.rla files and then apply the 3D channel effects - prepare to be amazed!