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First you will need to open up Terraria and Cheat Engine, then go into a world of your choice.
Then go to where you would like to start frame skipping, in this case, we are going to the entrance of the dungeon.
He won't let us go into the dungeon. We'll see.
Go to cheat engine and press the glowing button of the computer and a magnifing glass over it.
Click Window List and find Terraria, then click it.
Press "Open"
Now check the box which says "Enable Speedhack"
Now we are going to change how fast the game will be sped up. So if I set it to 2 then the game would be 2x as fast, or double the speed.
Right now Terraria is running at 10x the speed it usaully does.
Too slow :) Let's increase the speed of it to 20x.
It should be much better, after this we'll wait till night.
It's night now, let's slow it back down to 1x and turn the speedhack off.
I wonder where that old man went, probably down there...
This is a long way down...