Real Time Pitch Shifting & Time Stretching

Guys I've been trying to figure this out for a while, and I am sure this has probably been asked a million times, but all my searches turn up nothing on this subject. Anyways, can some please watch this vid on youtube and tell me how it is done on a 1000? I do the same thing on the video, but it still speeds or slows the sample.

http://www.youtube.com/watch?v=--GzodmsZtI

I know the dude is on a 2500, but he says at the start that you can do it on a 1000.

Thanks.

ok man i feel you its the sample he is using ans he is not time streching it its a PP or pached phrase... now that sample he is using is probably the best tye of sample to do this with thats because its just a ping pong pong ping type of sound and it chops perfictly this feature isnt wso great on regular samples because it leaves pauses and that sample he is using already has pauses so it doesnt effect the sound much if u know what i mean

Aight man I see what your saying. So basically all you would do on the 1000 is go to trim, then chop, then patch phrase, then select bpm, then 16-level one of the regions? And if it is a basic sample it will sound fine?