I\'m working on a project where I have a commit that introduced a feature with major problems that weren\'t discovered immediately. Now I want to completely remove that revision
Your question is really confusing, but here are some information that may help you.
Base is the unmodified version of the revision that you have currently checked out and worked on. where possibly other changes have forked off (you can have revisions in between your current local and base!). its just where the nearest revision where no other fork has diverted from afterwards (same parent) (in your case r128)
Head is the latest revision in version control. if you work alone on only one copy it will probably be base. but a co worker might have modified the same file and checked it into version control, then head is later than your base.
Local is your modified version (in your case r133)
Other is the some fork/branch that has also your Base as parent (in your case r134)
3 way merge works (at least in meld) hierarchically. usually from left to right like this:
local > base > other / head
local/base is mostly trivial because its just what you modified
then you can merge your changes into the head revision or the one of your co worker or whatever.
There can be multiple other/head revisions, but then it's not your job to merge in and therefore more than 3 way compare doesn't make sense.