You can actually see that it doesnt freeze time it js slows time ALOT you can mostly see that by getting ran over a truck or a car and sometimes when you get hit by a object you can easily get to the stars because it flings you when you unfreeze
Apparently if you stop time and then go to Goat select and choose any goat, the time is still frozen and you can any boom goat like the excaligoat and press pow. You can make a literal nuke with it. If your having a problem with the ragdoll glitch, just press ragdoll when you are ragdolled.