This setting changes the prefix of the items name: "Naming prefix to show that the item is enhanced. Leaving empty will not adjust the items name."
The default value is "Enhanced". This means that if a player finds an Assault rifle that's enhanced, its name will be "Enhanced Assault Rifle".
You can also set skin IDs that can be assigned to items when they are made.
There is also compatibility with UINotify when a player finds an item.
"Send notification when an Enhanced item drops from a barrel or crate"