These parameters are set without quotes and must match the JOIN that the table will be used for. k1, k2, ... are the key columns from the USING clause that the join will be made on.
You can use INSERT to add data to the table, similar to the Set engine. For ANY, data for duplicated keys will be ignored. For ALL, it will be counted. You can't perform SELECT directly from the table. The only way to retrieve data is to use it as the "right-hand" table for JOIN.