In the normal 3-argument form of open:

open FILEHANDLE, MODE, EXPR
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EXPR is the (name of the) file to be opened. But sometimes you need to specify, not a file, but an existing filehandle (i.e., a scalar variable pointing to an opened file). This is done by appending & to the MODE (>, >>, <, +>, +>>, or +<), which tells open to treat what follows as a filehandle and make a copy (“dup”) of it.

This is documented in open, as referenced by choroba. See also, e.g., http://www.kernel.org/doc/man-pages/online/pages/man2/dup.2.html.

Hope that helps,

That you want the file descriptor dup()ed, i.e. get a new file descriptor that refers to the same output stream as STDERR and a Perl-level file handle layered on top of that.

As the open() perldoc also explains, this is even better written with an '=' after the ampersand:

open my $save_out, '>&=', \*STDOUT  or die "Can't fdopen STDOUT: $!";
open STDOUT,       '>&=', $save_out or die "Can't restore STDOUT: $!";
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Great! Thank all!