Title: Hide Title can be set, but need not be displayed
Show all Children of: Current Item Current Root Item Current Parent Item
Fallback to Current Item, and Include Parent... & its Siblings If Current Root/Parent and no ancestor exists
Starting Level: Level to start testing items for inclusion
For Depth: unlimited Relative to the first Filtered item found
Hierarchical Flat
Include Parent... & its Siblings Include Ancestors Title from Parent Item Only if the "Children of:" Filter returns items
Change UL to OL: Top Level Sub-Levels
Note that since WP v3.6 does it automatically, "Hide Widget if Empty" is ON for this demo.