Indeed NogDog. I took a cautious look inside - that should not get fully decoded by anyone. It looks fishy:
There are several "evals" inside. The code inside the evals is obfuscated by using variable names like $lll, $llll and so forth. Also by further encrypthing php functions into variables that get evalled deeper inside. I did not feel like trying what would happen if I actually echoed this, nor like investigating what it does.
Possibly malicious? If it is and the OP should be aware of that: I'd suggest a ban.
Bjom