Kerr metric has the following form:
$$ ds^2 = -\left(1 - \frac{2GMr}{r^2+a^2\cos^2(\theta)}\right) dt^2 + \left(\frac{r^2+a^2\cos^2(\theta)}{r^2-2GMr+a^2}\right) dr^2 + \left(r^2+a^2\cos(\theta)\right) d\theta^2 + \left(r^2+a^2+\frac{2GMra^2}{r^2+a^2\cos^2(\theta)}\right)\sin^2(\theta) d\phi^2 - \left(\frac{4GMra\sin^2(\theta)}{r^2+a^2\cos^2(\theta)}\right) d\phi\, dt $$
This metric describes a rotating black hole.
If one considers $M=0$:
$$ ds^2 = - dt^2 + \left(\frac{r^2+a^2\cos^2(\theta)}{r^2+a^2}\right) dr^2 + \left(r^2+a^2\cos(\theta)\right) d\theta^2 + \left(r^2+a^2\right)\sin^2(\theta) d\phi^2 $$
This metric is a solution of the Einstein equations in vacuum.
What is the physical interpretation of such a solution?