Chrome: How to view YouTube at 3x Speed

When viewing a YouTube video you may want to quickly skip through introductory section or boring/repetitive parts. The following solution will allow you to toggle between high speed and normal viewing. 3x speed-up is not offered by YouTube. With little practice you can understand even at that high speed, you need to be a bit focussed. May help increase your power of concentration.
Drag this link to your bookmarks toolbar: 3x
The bookmarklet is a toggle. Click once to view the video at 3x speed, click again to switch to normal mode.