The variable $/ contains the record separator ("perldoc perlvar"), which is what I believe you're after.
you can explicitly set it to match a couple of newlines, so that it'll separate on a blank line. Eg:
#!/usr/bin/perl -w
use strict;
my $input;
$/ = "\n\n";
$input = <STDIN>;
print "You said:\n$input\n";
I think that'll do what you're after.
Update:
pixel's answer's better. I'd forgotten about paragraph mode