When you are tracking focus, using Servo AF, the camera will keep on adjusting focus at the active AF point as long as focusing is active. This implies that if the camera finds that focus is a tad off, it will change over to the new setting, to bring the subject in focus again. There is a limit, though, for how much off the focus can be, before the camera thinks the AF point is no longer on the target. The camera accumulates statistics about the focus tracking while it's running, so it knows if it's likely that the subject is coming towards you at an easy speed, or if it has been approacing hastily while you were tracking. If now suddenly the active AF point says the subject isn't at all approaching any longer, but instead is very far away, perhaps at what the lens defines as "infinity", then it's very likely that the focus point is no longer covering the subject.
Now enters a time-out period, during which the camera is waiting for you to perhaps bring the AF point to bear on the subject again. It's this time-out you can change with the Custom function called Tracking sensitivity. Canon no longer officially tell us how long the time-out is, but they once did, for the 1D Mark II. The five different settings were then listed as 1, 0.75, 0.5, 0.25 and 0.125 s, with 0.5 seconds being the default setting.
If you are using expansion points, this time will not apply until all of your AF points, both the primary and the auxiliary points, have lost tracking of the subject. But the principle is the same.
Thus, when trying to take photos of birds that are flapping around in the sky in irregular patterns, it's likely that you now and then will loose them out of your sights. To let the camera wait a bit longer, before it sends the lens out on a large adjustment of focus, may improve the chance to get that bird back in focus again.
This also combines with some more settings for the AF, but it's pretty lengthy to go through them all, so I'll stop here.