Submicrosecond (0.476 μs per frame with an exposure time of 160 ns) high‐resolution (0.38 nm) time‐resolved spectra of laboratory‐produced lightning‐like electrical discharges have been recorded for the first time within the visible spectral range (645–665 nm). The spectra were recorded with the GrAnada LIghtning Ultrafast Spectrograph (GALIUS), a high‐speed imaging spectrograph recently developed for lightning research in the IAA‐CSIC. Unprecedented spectral time dynamics are explored for meter long laboratory electrical discharges produced with a 2.0 MV Marx generator. The maximum electron density and gas temperature measured in a timescale of ≤0.50 μs (160 ns) were, respectively, ≃1018 cm−3 and ≃32,000 K. Overpressure in the lightning‐like plasma channel, black‐body dynamics, and self‐absorption in spectral lines were investigated.