In this tutorial you will save a selection for future use in the channels as an Alpha Channel.
Make a selection in which ever way is most appropriate for the image you are working on.
Go: Select > Save Selection . . .
A new Alpha Channel will be created within the existing channels.
To view the Alpha Channel on screen:
Note, the Alpha Channel image is a normal pixel based image which can be manipulated and modified like any other image. However, any change to the image is destructive,
To Load the selection back into an image. go: Select > Load Selection . . .
The selection should be now visible on the image.