It doesn't OHK and the splash is worthless. Is this a glitch or something because everyone treats it like a gift from the gods.
They want it to be bad and they used every nerf in the book to make it so. They gave it a flat damage nerf along with a few "features" designed to make it annoying to use.
I don't know why they wasted time making one, Smokeweed420yoloswag it is. There are certain things ingame that simply don't work well / are not worth using / don't really have its place (indicated by the frequent changes),..
Everyone USED to treat it "like a gift from the gods" because it was pretty dang OP. It used to be what the Lasher only dreams it could be, and was the reason the Lasher cries itself to sleep each night. It could 1-hit on direct hits, and the splash could 2-hit. And it could be (and still can) be restocked at Engi ammo boxes. In summary, it was a super cheesy spam weapon. I even once caught Mustarde sitting in a tree in a biolab trying it out. I've suggested ways to fix it before. Namely, tweak it so that flak armor almost negates it, bring it back to 1-hit direct/2-hit splash damage range. Maybe increase it's damage against Maxes (since MAX units were it's intended use to begin with). AND MOST IMPORTANTLY: make it so that it can't be restocked by ammo boxes.
However cheesy runs like the run shown in the video above could be said to be (IMHO, not at all; UBGL reigned supreme when the game just started and the amount of people that knew what they were doing was much lower then now), the nerfs it got hit with made it almost useless for any other task than the one shown in the video. Essentially, the weapon got a serious nerfbat but the issue everyone complained about remained. Sounds like Planetside 2 alright.
It always mystified me why they got rid of the Thumper, and then basically added something like it to a Carbine.