It is basically a header file that also includes every standard library and STL include file. The only purpose I can see for it would be for testing and education.
Se e.g. GCC 4.8.0 /bits/stdc++.h source.
Using it would include a lot of unnecessary stuff and increases compilation time.
Edit: As Neil says, it's an implementation for precompiled headers. If you set it up for precompilation correctly it could, in fact, speed up compilation time depending on your project. (https://gcc.gnu.org/onlinedocs/gcc/Precompiled-Headers.html)
I would, however, suggest that you take time to learn about each of the sl/stl headers and include them separately instead, and not use "super headers" except for precompilation purposes.
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