The cheat will work when the player puts a second controller in the console and hits Y (Dreamcast). On PC, simply press the escape button. The camera will start to rotate around the player. Pressing Esc (or Y) again will bring you the pause screen.
If one were to swap Fur Fighters and repeatedly activate this cheat after the Telepoint animation is done, the Fur Fighter that comes out will sometimes have their cry slowed down and in a lower pitch.