This might be a similar but possibly more sensible approach? -> https://en.wikipedia.org/wiki/Anytime_algorithm

Yes, the way I described it is actually a sensible approach to some problems.

"Almost-in-time compilation" is mostly an extremely funny name I came up with, and I've trying to figure out the funniest "explanation" for it for years. So far the "it prints a random answer" is the most catchy one, but I have the feeling there are better ones out there.