Is there a hack which allows you to skip events and text?

Fast forwarding is another option.

I'm not sure how this would work with events that have choices, maybe utilize some flag to determine if the event or some subset of it is skippable or if it can be interpreted/executed as fast as possible, with any timing-related parameters maxed out (assuming they can be maxed out without the whole thing becoming a mess).

I'm also unsure how one would deal with conditionals and writing flags - you'd need some way to interpret/execute that while not interpret/executing the rest.

If it moves stuff around that would create issues too.

I really doubt this is possible.