There's a lot of anecdotal evidence that it does. There's also a lot of evidence to indicate that in large doses it's toxic and can cause liver damage. Try erowid.org for more info.

As a teen I tried to smoke it but did not feel any effect.Maybe I was using it incorrectly ,I don't know.

yes "In low doses, nutmeg produces no noticeable physiological or neurological response. Large doses of 30 g (~6 teaspoons) or more are dangerous, potentially inducing convulsions, palpitations, nausea, eventual dehydration, and generalized body pain In amounts of 5–20 g (~1-4 teaspoons) it is a mild to medium hallucinogen, producing visual distortions and a mild euphoria. Nutmeg contains myristicin, a weak monoamine oxidase inhibitor. A test was carried out on the substance that showed that, when ingested in large amounts, nutmeg takes on a similar chemical make-up to MDMA (ecstasy). However, use of nutmeg as a recreational drug is unpopular due to its unpleasant taste and its side effects, including dizziness, flushes, dry mouth, accelerated heartbeat, temporary constipation, difficulty in urination, nausea, and panic. A user will not experience a peak until approximately six hours after ingestion, and effects can linger for up to three days afterwards. A risk in any large-quantity (over 25 g, ~5 teaspoons) ingestion of nutmeg is the onset of 'nutmeg poisoning', an acute psychiatric disorder marked by thought disorder, a sense of impending doom/death, and agitation. Some cases have resulted in hospitalization. Fatal doses in children are significantly lower, with an 8-year-old boy who consumed just two nutmegs to fall into a coma, dying 20-hours later. Nutmeg is an abortifacient, and as such any significant doses should be avoided by pregnant women." Source and further information: http://en.wikipedia.org/wiki/Nutmeg

you are ment to eat it or drink it its a good high if balanced out right

yess. i have done it several times. I need to find stuff that is more fresh, if you do it don't buy the bottled stuff. or buy the bottled whole nuts. and oh don't take too much. you can get nutmeg poisoning