To create a container:
All the selected elements are collapsed into a container and the element changes to a dark blue. You can add effects or perform other timeline operations to the contained element.
The elements that make up the container appear in their own timeline tab (the tab has a blue line). Yellow marks indicate the duration of the container. From this view, you can add effects, tracks, versions, or any other timeline operation.
To remove a container:
The container is removed and its contents are restored to the sequence.