It relies on an “unintuitive observation”[0] that you can run batches basically for free (up to a limit). So if you only run one inference, you batch it plus a lot of guesses and, if you guess right, can speed up the inference by the number of guesses. If you guess wrong, you're back to regular speed (and still fully correct).
[0] https://x.com/karpathy/status/1697318534555336961