Rick Henn spoke about it in the Sunrays “Vintage Rays” linter notes. The exact quote is such:
"He (being Dennis Wilson) had us record some guitars and piano rolling chords down one octave than usual with the tape machine at half speed and then when we played it back at normal speed, it shot everything back up an octave and gave it a kind of shimmering mandolin/string, bowed tremolo effect in the background.“