Exile target creature you control, then return it to the battlefield under its owner's control.
Flashback (You may cast this card from your graveyard for its flashback cost. Then exile it.)
If Momentary Blink is cast on a token creature, the token will not return to the battlefield, because of the rule that says a token that leaves the battlefield canâ€™t come back.
When Momentary Blink resolves, the creature is exiled, then immediately returned to the battlefield. The game sees the returning card as a different permanent from the one that left the battlefield. Any counters, Auras, and so on are removed. Any spells or abilities targeting the creature no longer target it.
Any â€œas this enters the battlefieldâ€ choices for the affected creature are made by its owner, not its old controller.
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