I've used this four times and it has worked each time. 
I saw this show about picking up chicks, and there was this dude that had a seemingly horrible pickup line: "This is so embarrassing, but I almost wore that same outfit tonight".  One night I tried it myself and it actually worked.   It's not like it gives you an instant lay, but it certainly helps break the ice.
1) The first time I used it I ended up getting a number which later lead to a lay. score!
2) Some friends of mine had a friend that wanted to be introduced to me.  I struggled to talk with her on the dance floor and things were going no where, but then I used the pickup line.  Got a laugh, we joked around some more, and things were way different.  I unfortunately didn't get her number that night. 

3) My friend and I were at a club bored as hell and decided to try talking to girls.  I had no other strategies, so I used the line again on a girl, started joking/teasing her, then her friends got involved too.  Some decently pretty girls were all paying attention to me.  It was a neat feeling. Got a number, but that didn't really go anywhere.
4) Used the same line on a girl at a club again.  Used it on the friend of a girl I was trying to get with.  It just helps lighten things up.  got the other girls number, but that didn't go anywhere. 
So yeah, I guess the pickup line has helped break the ice, but it doesn't help do much else.  You really have to be able to handle your shit after approaching a girl or else things won't go well like for me.  Heh heh.  Good luck.