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That's basically it, kleinbl00. In addition, ignoring a tag keeps it out of external posts that you let filter into your feed. It also removes them from Popular and Unshared posts. If #mylittlepony takes off, I don't have to work to avoid it. As for the user-specific part, I plan on implementing the ability search a tag and a user at the same time. I haven't given much thought to user-specific tag ignores, however. It could be a messy thing to implement.