Topic on Template talk:Path
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%APPDATA% | Per-user application-specific files
%LOCALAPPDATA% | User-specific and computer-specific application settings
%ProgramFiles% | Program files directory
%ProgramFiles(x86)% | Program files directory for 32-bit applications (64-bit systems only)
%ProgramW6432% | Program files directory for 64-bit applications (64-bit systems only)
%UserProfile% | current user's profile directory
%SystemRoot% | Windows directory [works only on NT based OS (NT3.1+)]
%windir% | Windows directory [works on NT based OS (NT3.1+) and MS-DOS based OS (Win 95/98/Me)]
See Wikipedia:Special_folder#List_of_special_folders and Wikipedia:Environment_variable#Microsoft_Windows