ขอสอบถามข้อมูล function htmlentities() ทีครับ ผมไม่ค่อยเข้าใจเลย

<?php
$str = "A 'quote' is <b>bold</b>";

// Outputs: A 'quote' is &lt;b&gt;bold&lt;/b&gt;
echo htmlentities($str);

// Outputs: A &#039;quote&#039; is &lt;b&gt;bold&lt;/b&gt;
echo htmlentities($str, ENT_QUOTES);
?>

<?php
$str = "A 'quote' is <b>bold</b>";

// Outputs: A 'quote' is &lt;b&gt;bold&lt;/b&gt;
echo htmlentities($str);

// Outputs: A &#039;quote&#039; is &lt;b&gt;bold&lt;/b&gt;
echo htmlentities($str, ENT_QUOTES);
?>