Okay, basicly what this code does is you get every badge (Duh!) as well as a few badges called "Invalid Item". One usefull one is a badge that looks like Zap Tap (Green Circle with Lightning) It esentily mkes Mario Super-Dodge, (Dodge and hurt attacker) do action commands (Example: letting go of the control stick as the star lights up when hammering) and do stylish commands. This Badge is also known as the "Debug Badge".
This will give you his Ragged Diary to carry wherever you want. But if you read it anywhere besides the Excess Express, the game debugs and freezes. I never tried it in all over areas besides Rogueport. But experiment on your own.