The largest act of defiance of this trope is Siegfried Schrder, who went so far as to hack the Kaiba Corp card database to recognize an illegal card, and reprogrammed its effect to be ridiculously overpowered (it forces the opponent to discard half their deck each turn, and that's the tip of the iceberg)
While black has more enchantment removal than ever, this card can be a challenge for some decks to remove and it can completely disable anything that needs the graveyard in order to work
Any counters on the exiled creature will cease to exist
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My Damia, Sage of Stone deck is all about reloading with Damia