Sorry, I was trying to be positive!
Anyway, I did some research and found that it does not have an intervalometer (meaning you can't do time lapse). This happens with some HDV cameras because of the way it records the images to tape. In fact, I believe many 24p cameras (at least, the DVX100a) can't do interval recording for the same reason.
One suggestion would be to just hit record and shoot for as long as you can, then speed up the footage in post. I know it's a waste, but it may be your only bet. Unless you were trying for some other effect. Also, they do make software packages that will take time lapse footage from the camera, but you need a laptop and hard drive to capture to directly.
Sorry if I came off as rude. Not intended.