YouTube - internal video editor (Tutorial)
Its 2011 and Youtube currently have a new and improved online video editor, what this editor allows you to do is to edit your current uploads online on the fly. The benefits of this online video editing tool is that its easy to use, and you don’t have to purchase professional editing software, the Youtube video editor is a decent alternative that’s free and allows you to include some really cool editing features to you’re video uploads.
Much more info at...
Click http://www.youtube.com/watch?v=gDd0fI3f5TE link to open resource.