My personal favorite theory my friends and I came up with while watching Utena was that every time the stopwatch gets clicked, Saionji is getting dissed somewhere.

Miki keeps meticulous notes.

I will happily endorse this theory because it is hilarious and I HAVE NO IDEA WHAT THE CLOCKS MEAN

Once again, the heroic Tuxedo Mask appears on the scene to hold a brief cryptic exchange with the antagonists and ultimately contribute nothing.