How do I turn off slow motion in the iPhone simulator?

I just installed "slowmo", as mentioned above, and it works on the 3.2 simulator. It took me a while to figure out how to enable it. You have to check "simulate hardware keyboard" in the simulator's hardware menu, and then press your Mac's shift key 3 times in rapid succession to toggle it on/off.

Updated: version 11.3 (2019 Dec) works fine.

I have iOS Simulator version 8.3 (Xcode 6) and the new shortcut is command ⌘ + T to toggle "Slow Animations"

Pre beta 5 it was tripple shift. Apple changed (or broke it) see this question (which doesn't have an answer).