According to various lego catalogs of 1996 (the set's release year), it's referring to the main play feature of the set :

The two transparent red and blue dishes at the front of the craft can be used to reveal different designs on two included tiles :
One such catalog (1996 Holiday US Shop At Home) gives some more background information :

Transcription :
D. Planetary Decoder
It soars through space, then lands on uncharted planets to search for alien clues! This fully equipped craft has adjustable rocket engines, a rotating telescopic laser, alien clues and decoding equipment. 79 pieces.
#6856 Planetary Decoder $8.75
Cool decoding equipment detects dangerous dinosaurs? Blue screen reveals dino chomping on a bone and red screen reveals dino with mouth wide open.
For some more lore on the Exploriens range of sets, the Bricks 'n Pieces March 1996 issue dedicates some pages to it eg.