This paper deals with evaluating constant terms of a special class of rational functions, the Elliott-rational functions. The constant term of such a function can be read off immediately from its partial fraction decomposition. We combine the theory of iterated Laurent series and a new algorithm for partial fraction decompositions to obtain a fast algorithm for MacMahon's Omega calculus, which (partially) avoids the "run-time explosion" problem when eliminating several variables. We discuss the efficiency of our algorithm by investigating problems studied by Andrews and his coauthors; our running time is much less than that of their Omega package.