A feature request or bug with this tag is something that has been evaluated as positive on potential, but it is not present in the current work timeline. It is also not guaranteed to be implemented - when it resurfaces the proposal may be re-evaluated and declined depending on how the situation has changed since then.
Contrast status-planned, in which a feature is something that the site developers have definitively approved for implementation but the timing is unknown.
Status tags can only be applied by moderators and site developers.