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The Girl, The Gold Watch, and Everything, starring Robert Hays (Airplane) and Pam Dawber (Mork and Mindy). Based on a 1962 novel by John D. MacDonald. There was also a sequel film, The Girl, The Gold Watch, and Dynamite.
Edited by Bananaquit Confirmed Bachelors: the dramedy hit of 1883!
That must be what the Simpsons Treehouse of Horror XIV episode was parodying! The only thing I knew of with that gimmick was Bernard's Watch, but that's British and the writers probably didn't know about it.
I'm trying to identify a TV show from the 80's (possibly late 70's) were this man was able to freeze time with a "magic" stopwatch. When frozen everything was still and lit in red and he could move around and manipulate things. He could then re-activate the watch and everything would start again. I have had a few people say they have a vague recollection of this show, but can't remember any details.