Berfert, wish I could help. Like you I am curious but unable to find a good explanation. It seem to be some kind of malware blocker but from what I read one needs knowledge of how to handle items found. I have not enabled it for this reason.
I have seen Tea Timer mentioned on these forums but in terms of general talk with little informative discussion. Maybe someone will come forth... hope so!
Can anybody help understand what the Tea Timer is in spybot?