This will be my first post so I would like to thank anyone who does read and maybe respond.
For more than a few months I've been playing with the idea of creating a time-lapse effect in-camera at 24 fps. The idea came from the Technicolor process that used a beam splitter to create separate red, green and blue images. Using three rolls of film attaining their image from one lens via a beam splitter it would be possible to create exposures of 1/16th of a second long. While I have not fully run the math a DP would also have an additional stop of light striking the negative, taking into account a loss of light whilst traveling through the beam splitter.
The first roll would carry the 'A' frames that are 1, 4, 7, 10, 13, 16, 19 & 22; the second roll would carry the 'B' frames that are 2, 5, 8, 11, 14, 17, 20 & 23, and the third roll would carry the 'C' frames that are 3, 6, 9, 12, 15, 18, 21 & 24. I imagine the only way to join them as one whole continuous motion would be after they've been telecined.
One interesting consideration would be that the long-exposed frames would 'bleed' into the following frames. There are also a number of problems mostly regarding how to synchronize the three rolls of film perfectly. It may be a better idea to use three CCD's on a special digital camera rather than use film.
Below is an attachment that can help visualize how the system could work.