Every wish you could select a bunch of components or objects and save that selection? Well you can, using Maya's Quick Selection Set feature. To set up a quick selection set you must first select the object(s) and/or component(s) you want to use. Then from the Create Menu select Quick Selection Set. This will open a small dialog box for you to name the quick selection set. To access the quick selection set go to Edit>Quick Selection Set>set list (select the quick selection set from the list).

In thesample below the faces that make up the index finger and pointer finger were saved as separate quick selection sets.
The quick selection set for the finger was selected while in the original poly and after a poly smooth function. The quick selection sets will disappear if you convert to a different geometry type.

You can make selection sets that hold any combination of objects or components.

BTW, just wanted to say thanks to Tim_Livid and um... Roach, for the contributions to this thread. Also, it's cool that this was made a sticky, just hope my basic level of tips isn't too dissapointing to the average reader.