Does :Wait() have a parameter?

I saw a video with this example, showing the MoveToFinished event that the :Wait() function is used on, except it had an argument passed into it, and it was explained it was for a maximum wait time.

When I attempted to replicate this, it ignored the argument and just waited until the event fired. Is this intentional?

(I will move this over to Studio Bugs if it is a glitch)
(Edit: The video is about 9 months old)

The video you were watching is incorrect. RBXScriptSignal:Wait takes no arguments. It yields the thread until the event fires.

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According to the API, no.

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