The 'Display Variable' Dialog
The 'Display Variable' dialog is a cross between a dialog and a tooltip. It is used in two situations:
As a debugger tooltip

A 'Display Variable' dialog showing the value of an int
When the debugger has paused at a breakpoint, hovering over a variable will display its value in the Ascii Viewer. If the When debugging, show debugger tooltips box in the debugger settings dialog is ticked, a 'Display Variable' dialog will also appear near the cursor, displaying the contents of the variable.

A 'Display Variable dialog' showing a vector
For a complex variable like a vector, only the root of the tree is initially shown. However you can expand the tree as far as you wish. The dialog is resizeable (and its size is persistent).

A 'Display Variable' dialog showing a wxString
To dismiss the dialog, either click outside it or press ESC.
In the Debugger Pane
In the Locals and the Watches tabs of the DebuggerPane, activating an item will open a Display Variable dialog containing the item. This will behave in the same way as the debugger tooltip discussed above.

