Realtor-type folks- what does "Buyer to verify all info" really mean?

In the near future, we’ll be buying a house. I’ve learned to translate much of the real-estate listing lingo, such as “Charming!”=“Tiny!” and “Bring your hammer!”= “Dilapidated teardown!”

But really, what does what does “Buyer to verify all info” mean? That there is some hidden secret that you need to find- like the basement is filled with enough radon to kill Godzilla, but if you don’t ask, you will never know? Or that a rendering plant is about to move in next door? Or is it really something harmless?

If a property is listed with this stipulation, what should I be aware of, and what questions should I be asking?