Teasing you in retaliation for being cheeky aside, I'll tell you what it does. It's nothing super amazing, and it doesn't even benefit me as I run my chain intentionally loose for crankflips and for a bit of extra time to start pedalling backwards in fakies
What it does is go a big way to minimizing tight spots in your drive train. Imagine running a slightly oval sprocket instead of a round one. Every 180' you are going to have a tight spot, and 90' from that a loose spot. Slip fit sprockets, particularly when paired with a slip fit hat washer (which isn't always the case) will make the sprocket sit a bit eccentric (off-centre), causing a similar effect (except every 360' instead of 180')
This is only really an issue if you tension your chain, but a lot of people in BMX do exactly that, particularly in racing to reduce wasted effort in pulling the chain taut before it actually moves the driver
In freestyle a lot of people wouldn't care or notice. But it is a clever bit of engineering that does have some effect. Wombolt family got a bit of a bad rep early on, but George did some clever things like this. Another clever thing was the spindle -> non drive side arm joint - it sets a proper preload (Edit: something very problematic with spline interface cranks like Profile) without having to rely on pinchbolts