Wikipedia
Chronostasis (from Greek χρόνος, chrónos, "time" and στάσις, stásis, "standing") is a type of temporal illusion in which the first impression following the introduction of a new event or task demand to the brain appears to be extended in time. For example, chronostasis temporarily occurs when fixating on a target stimulus, immediately following a saccade (i.e., quick eye movement). This elicits an overestimation in the temporal duration for which that target stimulus (i.e., postsaccadic stimulus) was perceived. This effect can extend apparent durations by up to 500 ms and is consistent with the idea that the visual system models events prior to perception.
The best-known version of this illusion is known as the stopped-clock illusion, wherein a subject's first impression of the second-hand movement of an analog clock, subsequent to one's directed attention (i.e. saccade) to the clock, is the perception of a slower-than-normal second-hand movement rate: when first observing the second hand it appears to remain stationary for longer than the subsequent periods between movements.
This illusion can also occur in the auditory and tactile domain. For instance, a study suggests that when someone listens to a ringing tone through a telephone, while repetitively switching the receiver from one ear to the other, it causes the caller to overestimate the temporal duration between rings.