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 )