The Spacetime Beam is the result of an invalid beam selection that occurs when all beams except Wave Beam are selected. It can function without Charge Beam, but it is recommended that it also be equipped for easier utilization. To equip Spazer and Plasma Beam at the same time, open the inventory screen, equip Spazer, and move the marker to any of the Boots items. Then, press Left, and press A immediately afterward. Plasma Beam should then become equipped alongside Spazer with "VAR" next to it.
Original description from Metroid 2002:
This glitch causes everything in the game except your current equipment to reset to its original state. This means that all items and bosses will be back to collect/kill again, and all doors that did not start out blue will revert to their original state.
To perform it, you must equip the space/time beam, which is smilar to the Murder Beam, except it is an uncharged shot and the wave beam is not equipped, fire once, then leave the room you are in. It cannot be done in every room, as the room must be fairly large, and even then it still doesn't work in some rooms. The above video shows one possible location.
If, after preforming the glitch, you save and quit the game, when you next play, you will rewatch the game's opening sequence, then restart at Ceres Station with all equipment intact except for missiles, which vanish because during the flashback to the Mother Brain fight, the game gives Samus four missiles to use, then takes them away again.
The Spacetime Beam can also be used to alter the state of the room such that Samus can touch a transition block that will take her elsewhere on Zebes. There are several known warps that are possible, three of which are currently used in Any% GT Code, and several others that were used in older routes of the category.
Maps of Wrongwarps -- this page goes over the known wrongwarps, some of which are theoretical, and have no known practical method.
You can see the block shuffler effects in this video:
How It Works
The following is what is known so far about how it works on a technical level:
At 0090:AEDD, there is the following instruction:
$90/AEDD FC 68 0C JSR ($0C68,x)[$90:AD16] A:912F X:0000 Y:0038 P:eNvmxdizc
This is an "absolute indexed indirect" jump that reads the address at $0C68 + X and jumps to it. $0C68 contains different values depending on what beam is shot, so this code calls different routines depending on what is fired. In the case of this beam, $0C68 contains AD16, so the code then jumps to 0090:AD16.
At that memory location, the following subroutine exists:
$90/ACFC 29 FF 0F AND #$0FFF $90/ACFF 0A ASL A $90/AD00 A8 TAY $90/AD01 A9 90 00 LDA #$0090 $90/AD04 EB XBA $90/AD05 85 01 STA $01 [$00:0001] $90/AD07 B9 C9 C3 LDA $C3C9, y $90/AD0A 85 00 STA $00 [$00:0000] $90/AD0C A0 00 00 LDY #$0000 $90/AD0F A2 00 00 LDX #$0000 $90/AD12 B7 00 LDA [$00], y $90/AD14 9F C0 C1 7E STA $7EC1C0, x $90/AD18 E8 INX $90/AD19 E8 INX $90/AD1A C8 INY $90/AD1B C8 INY $90/AD1C C0 20 00 CPY #$0020 $90/AD1F 30 F1 BMI $F1 [$AD12] $90/AD21 60 RTS
When run as intended, this code will read 16 bytes starting at the address that gets written to $00 and $01 in RAM and then write it back to RAM at $7EC1C0. It does this by increasing the Y register twice for every time it loops and compares it to $20, and as long as Y - $20 is negative, it will continue the loop; however, with this beam, the jump into this instructions occurs right into the middle of the STA instruction at $90/AD14.
This effectively converts that operation into the following:
$90/AD16 C1 7E CMP ($7E,x)
This effectively does nothing in this case, and the code moves on to INX at $90/AD18.
The one big thing to note here is that this completely bypasses the setup for this loop where registers X and Y get cleared to zero and where $00 and $01 are setup with the source address, and this is what causes the effects of the beam. In this case, X seems to be set to zero, so that means writes will start at $7EC1C0 as intended; however, Y retains the value from whatever it was set to by any previous code that used it.
As a result, when Y contains a huge negative value, the loop will run all the way up until Y gets back to being $20 or above. This causes an overflow to happen where a huge part of RAM after $7EC1C0 gets overwritten. The data that is written is read from ((the address at $00-$02) + Y), and the values in $00-$02 seems to at least be different depending on room, so that also changes which data gets copied along with the fact that the value of Y decides from where the copying will start. Since the value of Y is used from whatever code was run previously, this is what causes different data when shooting different beams, Missiles, Super Missiles, et cetera, since the code to update these beams will leave the Y register at different values.
This is pretty much all I know so far, and some of it might be incorrect. I'll try to update it as I learn more. If there are any questions, feel free to contact me on IRC.