"This is the story of a clever trick that's been around for at least 35 years, in which array values can be left uninitialized and then read during normal operations, yet the code behaves correctly no matter what garbage is sitting in the array. Like the best programming tricks, this one is the right tool for the job in certain situations. The sleaziness of uninitialized data access is offset by performance improvements: some important operations change from linear to constant time."
I've used this type of data structure in the past for things like managing sprite DMA on old consoles. It's very friendly to old systems with simple memory access patterns.