Intense debate has recently arisen regarding the photoinduced changes to the iron-chalcogenide superconductors, including the enhancement of superconductivity and a metastable state. Here, by employing high energy resolution, we directly observe the melting of superconductivity on ultrafast timescales. We demonstrate a distinctly nonequilibrium response on short timescales, where the gap fills in prior to the destruction of the superconducting peak, followed by a metastable response. We propose that the former is due to pair phase decoherence and speculate that the latter is due to the increase in double stripe correlations that are known to compete with superconductivity. Our results add to exciting new developments on the iron-based superconductors, indicating that the photoinduced metastable state possibly competes with superconductivity.