Using the following code:
$fm = new Fieldmanager_Group( array(
'name' => 'repeatable_select',
'limit' => 0,
'add_more_label' => 'Add another field',
'label' => 'Field',
'children' => array(
'select_field' => new Fieldmanager_Select( 'Repeatable Field', array( 'options' => array( 'One', 'Two', 'Three' ) ) )
)
) );
$fm->add_meta_box( 'Repeatable Select Fields', 'post' );
Every time you save a post, it will add another iteration of repeatable_select because select_field will never be empty.
Not sure what the solution is here. Perhaps force first_empty on repeatable select fields?