If for some reason you can't win the game (because your opponent has cast Angel's Grace this turn, for example), you won't lose for having tried to draw a card from a library with no cards in it
The Philippines
The word salad on the back does give a decent amount back for the effort, and you can even bargain other players to attack it, by promising to have them get a couple of cards or for you not to target their stuff for destruction
It goes directly from the stack to exile
Of course, this deck requires some slots dedicated to cards that help you gain life, so youre helping to balance out that self-inflicted damage a bit
For these reasons, players wanting to take advantage of Thalia and The Gitrog Monster should consider using a focused stax deck that includes black, white and green cards, like the "Death and Taxes" strategy