BS!!! This card got Erratad what the heck...!!!
It states that "after this card us flipped you lose 5000 LP"
Well, no, it wouldn't, it doesn't inflict damage. You'd have to use something like Different Dimension Ground or Forbidden Graveyard if you wanted to dodge the 5k.
Can this be exploited with things, that remove temporary monsters from the field and bring them back as SS? As it's removed as flip monster(after you flipped it up of course) it should lose its flip effect with leaving the field or?