This can happen when you overclock graphics cards as well. The frequencies are higher, yet the frame rate might drop, some frames may not be processed properly, but instead skimpily and staggeringly, and generally the experience may not be smooth as the GPU skedaddles forward in order to maintain the speed.
I've had a Celeron 1.3 GHz Tualatin which I overclocked to 1.5 GHz. And well, the frequency was higher indeed, but you could feel the Processor practically dying in order to maintain it and despite the higher regularity of the cycles, the quality of operations was lower and you felt that everything was forced and oddly inconclusive in terms of Processor operation; as though the proper evaluation and weighing of the instructions was within a thin and pale world which left operations processed only half-well and speeded to move along, breathing out dying visions of before conclusive and consecutive things. Don't get me wrong - things did work; but you just had this feeling that the CPU was forcing itself to keep up and it wasn't pretty - like making a champion with high temperature run a 5 mile marathon. The work was done in the end, but not the same way in which it would've been done at default frequencies; not the same way a healthy person would have run the marathon, despite not being a champion.
Maybe a synonymous thing is happening here too.