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iMovie is video editing software. It grabs a copy of the raw footage from your digital camcorder or still camera. Then it lets you edit this video easily, quickly, and creatively.
That's a big deal, because over the years, home movies have developed a bad name. You know what it's like watching other people's camcorder footage. You're captive on some neighbor's couch after dessert to witness 60 excruciating, unedited minutes of a trip to Mexico, or 25 too many minutes of the baby wearing the spaghetti bowl.
Deep down, most people realize that the viewing experience could be improved if the video were edited down to just the good parts. But until iMovie came along, editing camcorder footage on the computer required several thousand dollars' worth of digitizing cards, extremely complicated editing software, and the highest-horsepower computer equipment available. Unless there was a paycheck involved, editing footage under those circumstances just wasn't worth it.
Then along came iMovie, the world's least expensive version of what the Hollywood pros call nonlinear editing software. The "nonlinear" part is that no tape is involved while you're editing. There's no rewinding or fast-forwarding; you jump instantly to any piece of footage as you put your movie together.
The world of video is exploding. People are giving each other DVDs instead of greeting cards. People are watching each other via video on their Web sites. People are quitting their daily-grind jobs to become video graphers for hire, making money filming weddings and creating living video scrapbooks. Video, in other words, is fast becoming a new standard document format for the new century.
If you have iMovie and a camcorder, you'll be ready.