YouTube has just released an online video editor or remixer that allows you to cut together any of your uploaded videos:
From here you can add up to 7 clips into the time line. To edit a clip down, simply hover over it and click on the scissors icon:
This pulls up the video you selected along with a timeline and two bars. Drag the bars to the in and out points that you want to show and then click save:
Once you have your clips the way you want them you can add some music to your creation:
YouTube may show ads on your video depending on the music you select. Then simply title your new creation and hit publish:
Pretty cool stuff. I actually hope this catches on because I'd love to see the feature set grow. Right now you can only have 7 clips, so if you want a bunch of fast cuts you're out of luck. Also, if you decide to add music to your new video, it completely replaces the original audio instead of layering it in. Lastly, there are no transition effects or titles, so you're stuck creating very simple remixes.
That being said, I kicked the tires a bit and created a little remix of my video SEO pillars set to the tune of P.I.M.P... cuz I'm a Mutha F@$*in C.M.P.C:
UPDATE
I received an email from YouTube with the following message:
We regret to inform you that the audio in your AudioSwapped video My Mutha Fu@$*n CMPC is no longer licensed for use on YouTube. As a result your video has been muted or blocked.
Matt Ballek is the Founder and Publisher of vidiSEO, America's #2 video SEO and marketing blog. He is a professional consultant, popular speaker, and considered to be a passionate leader within the online video and search marketing industries. View all posts by Matt Ballek