The VirtualDub Player program allows you to edit your video and audio. It is not as complex or as fully loaded as an Adobe program but simply enough to operate and best of all it is free. Most amateur video editors use the VirtualDub program for editing their video.
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The FFDSHOW video decoder is a DirectShow decoding filter for decompressing any of the following formats such as DivX, XviD, H.264, FLV1, WMV, MPEG-1 and MPEG-2, MPEG-4 movies.