| My Acoustic has basically the same thing, but a different name, of course.
It tells when the pre-amp is being pushed hard enough to overdrive and therefor distort. I am led to believe that there is some signal loss and compression or clipping going on at the same time.
I too was worried about harm to the amp, but I have learned that this is sometimes a preferred condition to create some powerful sounds at distortion levels, although I am more a bass sound-purist and don't go into distort, at least not on purpose.
The amps are built to handle this condition. I - on the other hand don't go there.
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Play a Thunderbird? 
I'd rather give my cat a suppository  |