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Lugosi is an unusual delay effect. It creates out-of-sync echoes and buffer repeat style effects.
Lugosi records audio into a static two second buffer. Loop point markers control exactly where in the buffer the audio is recorded. At the same time there are separate loop point markers to control the playback position. It is possible to be recording audio into one section of the buffer while simultaneously playing back the audio in a different unrelated section. When the loop point markers are reversed the audio will also play/record in reverse.
As an effect, Lugosi can be very lively and unpredictable. It reacts differently depending on the source material. Because of this it shines when used in conjunction with a MIDI controller. Hands on control allows the source material to be responded to in real-time and interesting areas can be homed in on. This lends a strong performance aspect to the effect.