Champ showed it to me on chat as I had said it wasn't possible, and promised to play 10,000 times on CMR if he did it. Then he did, and showed it to prove it to me, and Yuzz happened to be on at the time. I saw Spence's earlier when he submitted it, before he marked it private.
Open. You can see how Spence did it somewhat. It is possible to get your wheel up there more quickly than I did, this is the recording from the first time I did the trick. I predict that maybe 6 seconds can be achieved to completely be on the line, and 2.96 seconds to make it to the flag? It's logical I think... Or maybe Spence just used his palm Konami-Code hax =P