Yep, just as others have said - it does precisely nothing. Even the 'floating window' pref does nothing. Not only that, the complete lack of anything like documentation leaves me wondering what it's even supposed to do if it did anything.

Not to mention, it looks like it was designed by a 12-year old - especially the pref sheet. Why on earth would you have a sheet (ugly or not) pop out of such a bizarre, custom window anyway? And what's with the "Quit NewApplication" menu command? Is it called Egoid, or is it called NewApplication? I think someone needs to beat this guy senseless with the UI guidelines for a few years.