Multiple axis voting system (star rating)
The idea behind this technique, is to have a node that can be reviewed, and then create review nodes that contain the votes.

The first step you list, requires you to add a node reference field on the review node, where you can select nodes of the type that can be reviewed. That will enable uses to select what they are reviewing.

The second step is to setup fivestar for the review node. You need to add the axis that should be voted on, and which users will be able to set when creating the node.