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Nintendo Wii - Virtua Fighter 2 cheats

Unlock clothes:
Hold UP and then choose your fighter with the A button or C button. 
or 
Hold DOWN and choose your fighter with the A button or C button or 
Start button.

No Damage
Hold B while highlight player one's life selection at the Options screen, 
until you see the "No Damage" message. Then push the Start button.

Unlock Dural as playable character:
Highlight Jacky if using controller-2 or or highlight Akira if using 
controller-1. Then press Left and then Right on the Diectional pad. 
Repeat the process until Dural appear as a selectable fighter. 

Secret options
Highlight the "Exit" tab at the options screen, and tap Left until the 
secret options appear.

99 seconds of time:
Go to the fighter selection screen and press Down, Up, Right, and A + Left 
for more character selection time.