U and V iso curves are dependent curves created from the iso (isoparametric) lines of a NURBS surface.
When you turn on the U Iso or V Iso button, or while an iso curve sub-object is selected, a rollout with the Iso Curve parameters appears.
Position: Sets the iso curve’s position along the U or V axis of the surface. This parameter is animatable.
The iso lines highlight in blue as you drag.