Suppose that release 1.0 of tc has been made. You are continuing to develop tc, planning to create release 1.1 in a couple of months. After a while your customers start to complain about a fatal bug. You check out release 1.0 (see section Tags--Symbolic revisions) and find the bug (which turns out to have a trivial fix). However, the current revision of the sources are in a state of flux and are not expected to be stable for at least another month. There is no way to make a bugfix release based on the newest sources.
The thing to do in a situation like this is to create a branch on the revision trees for all the files that make up release 1.0 of tc. You can then make modifications to the branch without disturbing the main trunk. When the modifications are finished you can elect to either incorporate them on the main trunk, or leave them on the branch.