MagicTime is a tool for generating time-lapse videos with enhanced realism. It utilizes metamorphic simulators to create videos based on provided prompts, aiming to improve the fidelity of video generation models. MagicTime offers various features such as model training, inference, and integration into DiT-based architectures like Open-Sora-Plan. The project provides extensive documentation, including installation instructions, training guides, and community contributions. It also includes a dataset, ChronoMagic, for training purposes. MagicTime is released under the Apache 2.0 license and encourages citation for research use.