@loke @tfb Right, sorry, we were in fact talking about three features. I forgot which subthread we were in.
The feature I learned about today, and which only works on Outlook Desktop, is that when you send a message a filter can automatically schedule it for sending, up to 120 minutes in the future. The message will sit in Outbox and wait until it is time.
This allows you to do true retraction, as nobody got the message yet.
And just now I learned that Outlook Web has a similar but different feature, where sending can be delayed up to ten seconds and you have an immediately accessible Undo button.
The "only one feature" I was referring to is the technically impossible but practically best-effort feature "I'll send a message to please retract the original message, which may or may not work depending on software involved and other factors".