Many commercials, music videos, and films have employed a technique where the subject appears to be frozen in time and the camera then changes angle to give a frozen time and rotation effect. This technique became extremely popular after it was used in The Matrix.
This effect is created by setting up several cameras in an arc around the subject. Each camera photographs the subject by a slightly different angle and in post-production, the footage from all the cameras (as many as 150) are edited on nearly a frame by frame basis to create the impression of a slow dolly around while time has stopped.
These days there is software that allows you to achieve this effect in post-production with images from as few as two cameras. This is done buy using the shots from each camera as key frames and having the computer render the frames in between (a bit like morphing). Don’t, however, expect to be running this kind of software on your PC at home.
UK production company Time-Slice Films were a pioneer in developing this technique and have quite a bit of info on their web site.