This is Time 2 done on a 12 string guitar, with an extra guitar part added into the mix. The entire thing can be played as a duet, with the exception of one part where a 3rd guitar needs to come in and play a harmony.
I used a Stonebridge S24SR 12 string slightly modified to my specifications (intonated, thicker fret wire). I also used a BOSS DD-6 Delay Pedal and an AER Domino 3.