Event 12: Seconds, Anyone?
From SmashWiki, the Super Smash Bros. wiki
Seconds, Anyone? (コンマ１秒の戦い, 0.1 Second Battle) is the 12th event match of the 51 event matches in Super Smash Bros. Melee. The player must KO an enemy Captain Falcon within 7 seconds. Both the player and the CPU have 100% damage. If the player is KO'd or time runs out, the game will result in a failure.