for host, its a lagswitch, for non-host its a semi lagswitch/slow motion code.

Lag Switch/ Slow Motion v1.1 [Seth@WiiPlaza]
2820236A BFFF4000
04A07C70 00000000
04A07C78 00000000
04A08E6C 00000000
04A09008 00000000
04A09064 00000000
04A0A1F4 00000000
04A0A210 00000000
04A0B598 00000000
04A21100 00000000
04A21F18 00000000
04A21F90 00000000
04A248A8 00000000
04A259DC 00000000
04A276E8 00000000
04A2780C 00000000
04A2961C 00000000
04A2B42C 00000000
04A2D23C 00000000
04A2F04C 00000000
04A30E5C 00000000
04A32C6C 00000000
04A34A7C 00000000
04A3688C 00000000
04A3869C 00000000
04A3AB78 00000000
04A4278C 00000000
04A42A78 00000000
04A42B00 00000000
04A42B88 00000000
04A42C10 00000000
04A42C88 00000000
04A42C98 00000000
04A42D20 00000000
04A44578 00000000
04A4463C 00000000
04A44700 00000000
04A447C4 00000000
04A44888 00000000
04A4494C 00000000
04A44A10 00000000
04A44AD4 00000000
04A44B98 00000000
04A44C5C 00000000
04A44D20 00000000
04A44DE4 00000000
E0000000 80008000
*PRESS C on the WiiMote to begin lag/slow motion, then release to stop

looks beast