This is awesome, in the sense that I am in awe that google lets you do this. Could you create a shareable doc to create a google powered DDOS of a site? Hypothetically, of course.
http://www.behind-the-enemy-lines.com/2012/04/google-attack-...
http://ctrlq.org/code/19319-website-monitor-script
iterates through the URLs in the spreadsheet and for each invokes
https://developers.google.com/apps-script/reference/url-fetc...
which can accept parameters for a URL.
If those GET requests initiate intensive processes, then there could be a problem.