I wish you had told us what you recorded with.
Please don't confuse "shutter speed" with frame rate.
You did not tell us which camcorder. Most consumer grade camcorders in North America record at 29.97 NTSC standard frame rate. Most people call this 30 frames per second.
Since you probably recorded at 30 fps and are playing back at 30 fps, there will be no change in the image motion speed. You *may* see some "strobing" during playback. You may also be able to grab clearer still frame grabs than if the camcorder's auto shutter speed were used.
If you have already captured the video, then you can use Final Cut to slow the motion down a bit... With the clip in the Final Cut timeline, click once on it to select it. At the command line under "Modify", select "Speed" and play with the Duration or Speed entries. I find Frame Blending helps - to a point. At around 15 frames per second (that would be 1/2 speed - remember, we captured at 30 FPS), you will start to see a jerkiness start and that's where frame blending really helps. Slower than this and it is fairly painful.
If you want clear slow motion, you need a camera that captures at a higher frame rate. The Casio Exilim series does this. So do some of the Sony camcorders - specifically, those with the "SmoothSlowRecord' feature. Last time I checked, the upper end (HDR-CX500 series) has this capability to burst capture for about 30 seconds which provides a 12 second playback...
The shutter in the camcorder dictates how quickly a single image gets exposed to the imaging chip. Like blinking your eyes really fast. The motion your eye sees is still realtime, but when this is applied to a camera or camcorder, it is the amount of motion that happens in 1/500 second rather than 1/60 of a second. This does not change the frame rate at all. Just like your blinking fast does not slow things down...
There are some pro-grade camcorders in the Sony HVR series HDCAM and XDCAM lineups that have "overcranking". And I *think* the Panasonic AG-HVX200 might. And some of the newer dSLRs that capture high definition video - like the Canon D7, I *think*...
Otherwise, for "real" high speed capture (and high quality slow motion playback), Check Photron or Vision Research for high-speed cameras...