The Xdebug (and its alias -debug) launcher flag does nothing and is documented as existing "for backwards compatibility". The history is rather complex but fortunately it is summarized in JDK-6272174:

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History, to the best of my memory --

(1) Long ago and far away

 -Xdebug used to mean use JVMDI
 -Djava.compiler=whatever was how you could specify a JIT compiler to run in the Classic VM
 -Djava.compiler=NONE was the Classic VM way of forcing interpreted execution and had to be used with -Xdebug because JVMDI ran in the interpreter

(2) HotSpot came along

 -Djava.compiler=whatever was meaningless and ignored, but,
 -Djava.compiler=NONE presumably so that the "-Xdebug -Djava.compiler=NONE" command line worked, was made the same as -Xint

(3) Then full-speed debugging came along

 Everybody's command line was still launching the debugee with "-Xdebug -Djava.compiler=NONE", so a horrible hack was added out of cautiousness:

 -Djava.compiler=NONE was left equal the same as -Xint, but was ignored if combined with -Xdebug *gag*

 Worse, I think this was me

(4) Then JVM TI came along (JDK5)

 -Xdebug now meant set up the internal JVMDI emulating JVM TI environment enabling all the JVMDI events, like breakpoint.
 There wasn't a JVMDI flag anymore, so the full-speed hack (3) was changed to check for breakpoints being enabled

(5) Then JVMDI was removed (JDK6)

 -Xdebug is now just ignored

 So, -Xdebug won't enable breakpoints.

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So Xdebug has done nothing since JDK 6, but unfortunately continues to be referred to in relation to JDWP! This occurs in our own JDWP usage information:

 > java -Xrunjdwp:help
               Java Debugger JDWP Agent Library
               --------------------------------
...
Warnings
--------
  - The older -Xrunjdwp interface can still be used, but will be removed in
    a future release, for example:
        java -Xdebug -Xrunjdwp:[help]|[<option>=<value>, ...]

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This then makes its way into other web documents e.g.

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To run a regular serverless Java class Test with debugging enabled in the Oracle HotSpot JVM, you need to use the following command:

java -Xdebug -Xrunjdwp:transport=dt_socket,address=8000,server=y,suspend=y Test

As you can see, you basically need only two JVM options: -Xdebug and -Xrunjdwp. Note that these are X-arguments, which means that they are not standardized and may not work as expected in other JVM implementations.

The -Xdebug argument enables the debugging itself, and the -Xrunjdwp argument configures the JDWP protocol with several important parameters. [1]
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[1] https://stackify.com/java-remote-debugging/ (December 2017)

So I propose that we officially deprecate -Xdebug/-debug in 14 so that we can remove it in 15.

There are obviously multiple pieces to this and we need to update the JDWP usage information independent of this.