Resolving an instant or sorcery means you do everything on the card in the order that its written and then put that card in the graveyard
banish that Special Summoned monster and all copies in both player's Extra Decks
Yuri defeated Lulu, captured her, and brought her back with him to Duel Academy, and he watched from the shadows the following day as Yugo, who had traveled to the Xyz Dimension, confronted Yuto
Self-Mill & Graveyard Setup: Corpse Connoisseur, Crow of Dark Tidings, Gorging Vulture, Forbidden Alchemy, and Chronic Flooding fill your graveyard fast
While its certainly best alongside cards like Foundry or Jan Jansen, Chaos Crafter that sacrifice it to make tokens, decks interested in sacrificing artifacts could make it work with various forms of token production