It puts it in safe mode and fattens it way out. Performance will suffer and can't reallly ride it until you replace. It will idle fine but from my experience, it will not run worth a over 1/2 throttle.
You can do 1 of 3 things.
1. Put resistor in and cost bout a buck, some say it works but it did not for me, and then you don't have that safe mode available if something goes wrong.
2. Do a search and some are using a GM sensor, I think you have to do some slicing to make it work. Cost is about $30.
3. By a new sensor from cat for about $110. That is what I did.
Good luck.