archive-1.05.tar.gz contains the following:
arhive-1.05/config
arhive-1.05/docs
arhive-1.05/lib
arhive-1.05/src
We want to unarchive only contents of the "archive-1.05/lib/" to a specific destination (/home/user/lib)
$ tar -xvzf archive-1.05.tar.gz -C /home/user/lib --strip-components=1 --no-anchored lib
If we do not specify --no-anchored flag then --strip-components will not work.