Stan,

It's a little script without a user interface (for Mac compatibility). It only copies the morph dial settings of the figure to all conformed clothes, it does NOT create the morphs itself. Here's an example:
Say, you have a Victoria 4 figure with the full body morph Definition set to 0.7, the full body morph Amazon set to 0.2, the partial body morph ArmsSize set to 0.1.
You put some clothing on her that ALSO has these exact same morphs. Conform the clothes to Victoria 4, you'll see pokethrough.
Then run the script. It will set the morph dial values for Definition, Amazon and ArmsSize to the same values as in the character for all the clothes. If the script doesn't find a matching morph in the clothing item, the setting is skipped.
The script relies on the convention to have the same names for the morphs in the clothes as in the figure. It cannot figure out what morph to use if the clothing morphs have different names.
Again, it is just a simple script that'll automate some work for you if the clothes are well made.

If you have Victoria 4, you can try the script with my V4 Warrior outfit (here in freestuff). Try it with some extreme morph, like the Bulk full body morph, it'll show you how things work better.

For creating the morphs themselves, I highly recommend Netherwork's Magnet ClothKits. Not only are the magnets themselve well thought out, it also comes with a set of Python script to convert the magnet settings to morphs with the correct names.

The Tailor, a standalone morph creation program available at DAZ, will also create the morphs in the clothes with the correct names. It's really easy to use, wizard-like. Only for PC though.
Alas, the morphs that The Tailor creates are not of a very high quality.

I prefer the Netherworks magnet kits, because of the quality of the morphs that are generated. There's more work for the user (generating a full set of morphs in a clothing item costs about an hour of work), but the resulting quality is worth it IMO.

The pen is mightier than the sword. But if you literally want to have some impact, use a typewriter

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