I was playing around in CC2 while trying to collect Chaos drives, and all of the sudden I got warped back to CC after leaving Chao World.
This was definitely an odd reaction, so as I always do, I made it my intention to find out why this occurred. In the process, I figured it could be used to completely destroy the existing time (which was 2:04.15 at the time). After a few more trials (while I was locked up in a state of experimentation), I found each successive timesaver in the order I explain them to you.
Then after I had lowered the time significantly enough, I simply told everyone online "0:07.49 CC1", with little reaction. A few days later, when I found the the Somersault Jump could be used to lower the time to 6, I started working on the walkthrough you just read.