ircII help: set status_mail

Usage: SET STATUS_MAIL <Status line text when you have mail>
  The contents of STATUS_MAIL are replaced in the STATUS_FORMAT
  variable for any occurence of %M while you get new mail.  The
  STATUS_MAIL may contain occurences of %M which will be replaced
  by the total number of mail messages you have.  If you have
  no mail, %M is replaced by nothing in the STATUS_FORMAT.