The slider represents the complete animation and is effectively a time line with the start of the animation at the left hand side and the end of the animation at the right. Notice how similar the buttons are to those on the Windows Media Player. Just to the left of the Advanced button, there are two figures separated by a backslash. These represent the current animation time and the total animation time.
Alternatively, click the Single Step Forward or Single Step Back buttons to move forwards and backwards along the animation one frame at a time, subject to the current fast forward speed, e.g. if fast forward is set to 4x it moves four times normal speed.