Controlling Lag in Petit Computer Programs

I'm not sure if this is considered a tutorial. I'm also not sure if this is a proper name for what this does. This is how I control lag usually maybe.

@LOOP IF RE==LAGC THEN WAIT 1:RE=0 RE=RE+1 GOTO @LOOP

The higher LAGC's value, the less delay occurring. The lower LAGC's value, the more delay occurring.