All plugs out, throttle fully open, engine up to operating temperature. Write the readings down.
That's the dry one.
Then you put a teaspoon of oil in cylinder 1, repeat the test, then cylinder 2, and so on.
This is the idea. The dry readings will show up a blown head gasket. Or something wrong when one cylinder is way out.
If the reading on a cylinder improves markedly "wet" then the bores/rings/piston on that cylinder are deeply suspect (the oil effectively "seals" the piston to the bore).