bad title. article doesn't answer why. discusses two failed attempts to find out how it works.
So if we intentionally trigger "bullet time", it wouldn't allow us to perform superhuman feats, but it might give us superhuman recollection of details.
Mortgages make months shorter and years longer.
Time is pretty weird, our perception of it changes all the time depending on the circumstances, it shouldn't be a surprise that extreme circumstances change our perception of time in an extreme way.
I had suspected for a while that it was memory-based rather than your brain actually "speeding up", based on an experience when I was mugged in NYC.