Select the clip in the timeline
Right-click the clip
Choose Speed/Duration
Increase the Speed percentage
Click OK
To keep audio pitch, enable Maintain Audio Pitch
To create a smoother speed change, use Time Remapping
For a gradual speed increase, add keyframes in the clip’s rubber band
To speed up multiple clips, select them all before changing Speed/Duration
To make the clip play faster without changing duration, use Rate Stretch Tool
To preview the result, press Spacebar or Enter on the timeline