allows you to create mini-movies or video stories with the feel of Google Docs. You can also personalize the videos you create using the characters, story, and even music of your choosing and when you finish you can share your final product with others.
"YouTube has launched a brand new video editor that allows users to easily remix their own videos and turn them into brand new video creations. The editor, which has a super simple interface, lets users create clips using pieces of their own videos and music from an AudioSwap library of tunes" (O'Neill, 2010.06.16)