"Free video editor that has nothing to envy about those expensive editors that you pay for"
If you are looking for a video capture and processing utility which, although lacking the power of such huge programs as Adobe Premiere, still comes feature packed and easy to use, you could do worse than to choose a program like this one, called VirtualDub. As you can probably guess by now. VirtualDub is a free video editor that has nothing to envy about those expensive editors that you pay for.
VirtualDub is mainly set up to deal with AVI videos, but can also work with MPEG 1 and BMP images. It offers fantastic results linked to TMPEGEncoder and other rippers. To save you time it can process files in batches without affecting the quality of the end result. It can also be added to by using external add-ons and filters.
With VirtualDub you can manage many formats (AVI, MPEG, MPG, MPV, DAT, STRIPE, VDR, AVS, BMP) and almost everything is configurable. It also works under a GNU public licence.