Some file formats (or some files that are coded used some codecs) can be played in Windows Media Player "slow" or "fast". I can enable this by right clicking on the movie while watching, clicking "enhancements" and then "play speed settings".
There, you can see a slider that has a blue part. That blue part is showing the usable part for the file. For AVI, the slider is blue between 0.5 and 2.0.
Is there a list of formats or codecs that support this feature?