Jacob asked me to make this a long time ago, and then a few weeks/months ago he asked me to release it to the public. I finally got around to doing it but only after a similar feature was added to RickyRombo's stunning WaitFor object :\
This object allows you to have the same functionality as MMF2's inbuilt Repeat condition (Special Object -> Limit Conditions -> Repeat), but you can name them, get and set their index, and use a changing number for the number of times to repeat. Check the example file to make this somewhat more clear.
You can test it here: http://www.LB-Stuff.com/MMF2/Extensions/SlowLoop_1.0.zip
Please let me know what needs to be done on it, and how to make the icon better (or even where to get a getter icon!)