MagicTime is a tool designed to generate highly realistic time-lapse videos using metamorphic simulators based on user-provided prompts. It enhances the fidelity of video generation models and offers features such as model training, inference, and integration with DiT-based architectures like Open-Sora-Plan. The project includes comprehensive documentation, covering installation instructions, training guides, and community contributions. It also provides a dataset called ChronoMagic for training purposes. Released under the Apache 2.0 license, MagicTime encourages users to cite it for research applications.