Are you familiar with the console command line API? If not read this -
Basically, this is a hint to tell you that if you type $0 in the console, it will be equal to that element. So, you can type -
$0.appendChild(document.createElement("div"))
And the selected element in the Elements panel will be appended a <div>.
I agree this is a bit of an overkill and you really only need to see that once, though (in order to ask this exact question and familiarize yourself with the feature). Perhaps a tooltip (or an information bar, like the Sources panel shows) is a better approach than polluting the already cluttered tree with this not very useful tip (not very useful only after you know how to use it).