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If this variable is set to ignorespace, lines which begin with a space are not entered into the history list. If set to a value of ignoredups, lines matching the previous history line are not entered. A value of ignoreboth combines the two options. If unset, or if set to any other value than those above, all lines read in interactive mode are saved on the history list.
Note: This feature was shamelessly plagiarized from Bash.