This will cause all of F1's toggles to execute.
That's one way to use this command. But it can be used in another way too. Suppose you press the hotkey just shown, but right after that, before F1 can finish all its toggles, you interrupt F1 by pressing a third hotkey that contains Cancel.
To make this example very specific, let's imagine you cancel F1 after it has completed its first two toggles. Now you want to press a single hotkey that makes F1 execute its remaining toggles (the third and fourth). You can do that like this: