I think I have an idea what you’re trying to do… It’s possible, at least in Audition. (Not sure if Soundbooth has this effect.)
You might try the “Dynamic Delay” effect.
* The original/delayed slider should be 100% delayed.
* Turn “loop graphs” on, and set the frequency to 24 Hz.
* In the Delay graph, turn Spline Curves on, and draw a graph so the right and leftmost points are set to 0 ms delay. Then right in the middle, draw a point at 1 ms or less. (This is what you tweak to set how “bad” the projector is.)
* The Feedback should be flat at 0%.
This creates an effect sort of like a tape slowing down and speeding up very slightly, 24 times per second, much like a cheap film projector. If you overdo it, people might start sounding something like Chewbacca. So set your delays carefully.
And don’t forget the bandpass filter. Those old projectors weren’t exactly known for their audio fidelity.