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The $GLOBALS array is an associative array with the name of the global variable being the key and the contents of that variable being the value of the array element. Notice how $GLOBALS exists in any scope, this is because $GLOBALS is a superglobal. Here's an example demonstrating the power of superglobals:

<?php
function test_global()
{
    // Most predefined variables aren't "super" and require 
    // 'global' to be available to the functions local scope.
    global $HTTP_POST_VARS;
    
    echo $HTTP_POST_VARS['name'];
    
    // Superglobals are available in any scope and do 
    // not require 'global'. Superglobals are available 
    // as of PHP 4.1.0, and HTTP_POST_VARS is now
    // deemed deprecated.
    echo $_POST['name'];
}
?>