Cadillac 1996 Eldorado Owner's Manual page 223

This light on the instrument
panel will flash indicating
that the hazard warning
A
The hazard warning flashers will work once the button
is pressed in regardless of the key position.
.
..
Pull out on the collar to turn the flashers off. When the
hazard warning flashers are on, the turn signals won't
work since they are already flashing.
5-2