What are World Object Tooltips?

On standard melee maps, this option applies to:

  • destructible rocks
  • Xel'Naga Towers. Tooltip: "Provides vision to nearby units".
  • neutral bunkers
  • Unbuildable Plates. Tooltip: "Unbuildable Plates".
  • Debris. Tooltip: "Attack this to destroy it".

But not to things like

  • critters
  • minerals or gas geysers

I'm concluding that the option only applies to map elements which are interactive in some form.