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This organization of objects changes the filtergraph~ objects filter curve depending on the option selected in the umenu object. Perhaps due to changes and additions in Max/MSP there are a few missing filter types in the example on the Cycling '74 site. However, here is a complete list of filters: display, lowpass, highpass, bandpass, bandstop, peaknotch, lowshelf, highshelf, resonant, allpass. It is beyond the scope of this post to explain what each one of these filter types do. If you are interested in learning more about these filters I would recommend the book "The Computer Music Tutorial." The new filter types include resonant which is similar to bandpass but to use a definition from physics, "resonance is the tendency of a system to oscillate at larger amplitude at some frequencies than at others." And although not technically a filter allpass, functions as a bypass for the filter.
[1] Max/MSP Synth Building with Max/MSP #3