According to "Programming Perl", "You may also set the $SIG handler to either of the strings "IGNORE" or "DEFAULT", in which case Perl will try to discard the signal or allow the default action for that signal to occur (...)." Based on what I've seen "IGNORE" behaves no differently than "DEFAULT", "" or undef. 
#/usr/bin/perl

use strict;
use warnings;

{
local $SIG{__WARN__}="IGNORE";
warn '$SIG{__WARN__} was set to "IGNORE"!'; <=== appears
};
{
local $SIG{__WARN__}= sub {};
warn '$SIG{__WARN__} was set to sub {};!';  <=== doesn't appear
};

[download]
gives 
$ perl SIGWARN.pl
$SIG{__WARN__} was set to "IGNORE"! at SIGWARN3.pl line 8.
$

[download]
Shouldn't ="IGNORE" and =sub {} behave similarly?

In reply to Meaning of $SIG{__WARN__}="IGNORE"; by Anonymous Monk

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