2…Nf6 ignores the threat and makes one of its own. If White takes on e5, Black does not take back at once — he plays …d6 first, kicks the knight, and only then collects the pawn on e4 with everything defended.
Its reputation is dry, and that is the point: Black is choosing a game with few weaknesses over a game with chances for both sides. The Petrov punishes an opponent who needs to win and has nothing to attack — and it has a surprising number of short, sharp traps for anyone who thinks symmetry means safety.