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. As an available character of their choice, the player must KO an enemy Captain Falcon within 7 seconds. Both the player and the CPU start with 100% damage. The event will end in failure if the player is KO'd or time runs out.