In 1982, Don Backer led a group which discovered PSR B1937+21, a pulsar with a rotation period of just 1.6 milliseconds (38,500 rpm). Observations soon revealed that its magnetic field was much weaker than ordinary pulsars, while further discoveries cemented the idea that a new class of object, the "millisecond pulsars" (MSPs) had been found. MSPs are believed to be the end product of X-ray binaries. Owing to their extraordinarily rapid and stable rotation, MSPs can be used by astronomers as clocks rivaling the stability of the best atomic clocks on Earth. Factors affecting the arrival time of pulses at Earth by more than a few hundred nanoseconds can be easily detected and used to make precise measurements. Physical parameters accessible through pulsar timing include the 3D position of the pulsar, its proper motion, the electron content of the interstellar medium along the propagation path, the orbital parameters of any binary companion, the pulsar rotation period and its evolution with time. (These are computed from the raw timing data by Tempo, a computer program specialized for this task.) After these factors have been taken into account, deviations between the observed arrival times and predictions made using these parameters can be found and attributed to one of three possibilities: intrinsic variations in the spin period of the pulsar, errors in the realization of Terrestrial Time against which arrival times were measured, or the presence of background gravitational waves. Scientists are currently attempting to resolve these possibilities by comparing the deviations seen between several different pulsars, forming what is known as a pulsar timing array. The goal of these efforts is to develop a pulsar-based time standard precise enough to make the first ever direct detection of gravitational waves.