The delay Bit takes incoming audio and repeats it, like an echo. Delays can be long and spacey, like shouting into the Grand Canyon, or loud and crazy.
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The delay has 2 knobs: "time," which sets the delay length between a sound and its repetition, and "feedback," which controls how many times the sound repeats. This Bit will play forever if you turn up the Feedback knob all the way. You can also shift the pitch of a sound by turning the "time" control while a sound is repeating.