As promised, here is the handout version of the slides from today. The key things to remember are the difference between editing and montage, and to have an understanding of how montage can be used to advance the story. The documentary I referenced is The Cutting Edge: The Magic of Movie Editing (<- Clickable link to YouTube), and the clips I used came from the following films:
You should also carry out a YouTube search for things like Rocky Training Montage for other examples of montage being used to shorten time. Feel free to share any interesting montages you find in the comments.