Simulate limited bandwidth from within Chrome?

Question

Is there a way I can simulate various connection speeds from within Chrome?

I need to be able to check http://localhost with varying speeds.

I know there are

Answer 1

Starting with Chrome 38 you can do this without any plugins. Just click inspect element (or F12 hotkey), then click on toggle device mod (the phone button)

and you will see something like this:

Among many other features it allows you to simulate specific internet connection (3G, GPRS)