This post is about a well known effect due to its appearance on one of the greatest movies of all time, 2001: A Space Odissey.
I was asked to recreate a similar effect for a project and I did a research in order to achieve it in a simple and effective way. I recommend you as well a fantastic video, as always, made by Filmmaker IQ based on the history of this effect and what Douglas Trumbull, VFX Supervisor in the film, did to achieve it.
Greeting, also, to JadeLightningDash to cover this effect on his channel done with After Effects.
And thanks to Ivan Busquets and Time Machine, a great tool, he developed based on Houdini's Time Machine, very similar to what Time Displacemnt does inside After Effects.