It was a funny idea for sure. I got a of a Getting over it vibe from this game.
I think the physics would have to be tightened up though, there were a few glitches, the rope sometimes wouldn't drape over objects for example. Also, sometimes it didn't seem like it was reeling, maybe some feedback there would help. I also think the fact that the object you through was random was more annoying than not, it could work though, maybe if I was at least told what I was going to throw out.
But I could see something like this working.