As shown (exaggerated) in the example below, this allows any image changes to be restricted to certain saturation levels.
The masked out saturation ranges are determined by the "false color" working layer in the saturation mask layer group.
To mask out low saturation ranges, the left part of the gradient should be assigned black false colors. To mask out highly saturated regions the brighter right part of the gradient shold be assigned a black false color.
Saturation changes determined by the saturtion levels of the original file (thanks to Siilur ; morguefile.com):

Some photoshop tutorials on the use of saturation masks.
http://www.goodlight.us/writing/saturat ... -mask.html
http://www.goodlight.us/writing/saturat ... ation.html
http://www.luminous-landscape.com/tutor ... pped.shtml
As far as I understand, Tony Kuiper uses the term "saturation mask" in the case where the saturation is directly translated into a mask-layer (for this, the false-color working layer generated by the attached action can be deleted). Tony's "vibrancy mask" (masking out only highly saturated regions) should be equivalent to the mask generated by default by this PhotoLine action .
The attached action does not introduce any image changes by itself - these have to be applied to the active layer before or after running the action.