System and IINA version:

• macOS 12.1
• IINA 1.2.0 build 129

Expected behavior:

Selecting the File Loop menu item will toggle File Loop mode between on and off (with a ✔︎ appearing next to the menu item when on, see #3625)

Actual behavior:

File Loop mode does not toggle off. One is forced either to restart IINA or figure out how to create a key binding to do so (very hard!).

Workaround:

Create a key binding with the action: cycle-values loop "no". This reveals another bug: one cannot create a simple toggle keybinding. I have to create a separate cycle-values loop "yes" A cycle-values loop binding does not work as expected.