That option is at least not used, but it also isn't needed for Windows anyway.
No it is not used. You have to refer to the external linker documentation. In this case I gave ld as an example. It is dead simple.
It is simply instructing the
linker to also create a dynamic library from the static one.
(Probably an oversight on a Sunday morning by one of the core developers a very, very long time ago, so not you
you qualify as just long, maybe very)