These self-created collections allow you to select the content you like, and assemble it into topical magazines. You can view publicly shared magazines or keep them for your private use. I have not yet created any on my iPhone, but since I am using the HTC One as my primary device, I plan to try it out and experience this magazine feature.
As stated on the Flipboard blog, this new version of Flipboard on Android allows you to:
Flip photos saved on your phone or tablet into your magazine
Add items you find on the web via your mobile browser into your magazine
Share magazine links to other apps, such as Skype and Facebook Messenger
Curate from the Flipboard widget into a magazine.
Flipboard also announced the release of its new web-based Flipboard Editor, which gives you more functionality for creating and managing your magazines. You can also add a Flip It button to your browser.
With this new editor and browser button, I may be moving to Flipboard for my "read later" service instead of having a separate Pocket application.