Although I don't understand it very well, I'll support you first!
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~I - Remove any quotes ("), expand %I
%~fI - Expand %I to a fully qualified pathname
%~dI - Expand %I to just a drive letter
%~pI - Expand %I to just a path
%~nI - Expand %I to just a file name
%~xI - Expand %I to just a file extension
%~sI - The expanded path contains only short names
%~aI - Expand %I to the file's file attributes
%~tI - Expand %I to the file's date/time
%~zI - Expand %I to the file's size