I have been in the situation of bad lagging, and it is not fun. Imagine watching a slide show of AH, and trying to control that, plus the random and frequent discos.
I do understand the other side of things as well though, some times lagging can be cheap. I can remember a few years back when I lagged in a panzer, and to compensate with the lag the game let me fire off 10 rounds in 5 seconds. And there would always be the "warp drive" or so I would call it, were I would lag really bad, and the game would compensate by forcing my plane to go close to double my normal speed. This sudden speed boost would however cause me to crash because it is near impossible to control.