A decent lap would be anything under 1:25. 1:23, 1:22 is a good lap for a track day guy. A fast lap would be anything under 1:19, and a really fast lap is sub 1:17, I believe the track record is 1:14.
"Fast" is all relative, to a novice 1:22 is fast, to a pro racer 1:22 is dog **** slow embarasing.
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