This is a video convert program that will allow to use your webcam and to record small videos. It can process videos up to 600MB in size and they provide you with 5G of storage. You must register to use their application.
This site allows you to take videos found on the web and select and cut out the interesting parts and then share them with your fiends. This is a free application. But limited in the video editing department. You can only cut out selected clips.