It returns a list of response headers sent
Example
<?php
setcookie("time",time());
header('Content-type: text/plain');
echo "<pre>";
print_r(headers_list());
?>
Output
<pre>Array ( [0] => X-Powered-By: PHP/5.3.3-1ubuntu9.10 [1] => Set-Cookie: time=1337938449 [2] => Content-type: text/plain )