Unfortunately, this means no building an entire 60 card deck out of 15 V-UNION Zacian
(9/1/2023) If the permanent that's exiled was the back face of a double-faced card, you will not be able to exile any additional cards, because those cards have only their front-face characteristics (including name) in the graveyard, hand, and library.
Hitting two permanents and bringing them back immediately also opens this blue instant up to some shenanigans, like targeting Archaeomancer and Gilded Lotus which allows you to re-cast it infinitely
One of my favorite modern sets, Champions Path, was built around the concept of collecting gym badges across Galar to become the Pokemon Champion
All our spells costing two less is going to win games, and making tokens that draws cards when they die is so good in this deck that we're essentially never going to be unhappy to see this card
However, against an empty board (such as when going first), fulfilling this condition becomes more difficult, but still possible