Why does PHP overwrite values when I iterate through this array twice (by reference, by value)

Question

If I iterate through an array twice, once by reference and then by value, PHP will overwrite the last value in the array if I use the same variable name for each loop. This

Answer 1

After the first loop $element is still a reference to the last element/value of $array.
You can see that when you use var_dump() instead of print_r()

array(5) {
  [0]=>
  int(2)
...
  [4]=>
  &int(2)
}

Note that & in &int(2).
With the second loop you assign values to $element. And since it's still a reference the value in the array is changed, too. Try it with

foreach($array as $element)
{
  var_dump($array);
}

as the second loop and you'll see.
So it's more or less the same as

$array = range(1,5);
$element = &$array[4];
$element = $array[3];
// and $element = $array[4];
echo $array[4];

(only with loops and multiplication ...hey, I said "more or less" ;-))