What are the lista of things te can do with a stop-watch? lol

In season 1, episode 8, "They keep killing Suzie", at the end of the episode Ianto detto "There's a lot of things te can do with a stop-watch.", probably sexual things because of the looks he and Jack shared.
I was just wondering exactly WHAT can te do with a stop-watch. Even my sick mind couldn't figure THAT out.
Do te have any idea? XD