The local path (full for directories other than the one your TW is in, or shortened if its in a subdirectory of the one your TW is in) or file name if its in the same directory goes into the src just like a url.
<iframe src="full local file path" width="100%" height="600"></iframe>
<iframe src="subdirectory/filename" width="100%" height="600"></iframe>
<iframe src="filename" width="100%" height="600"></iframe>
The attached tid is for TWScripts or other TW reference wikis, so they can import a tiddler of the post. There's really no unique code, the post covers the generic iframe code and a quirk I noticed with the src value. The gist is if the iframe originally pointed to a http address, trying to change it to local, the iframe won't reflect the change and will display a blank iframe.