MS MOVIE MAKER
Already installed on newer computers that are running Windows XP, Movie Maker has drag and drop features to make creating and editing your movie easier. Microsoft has many add-ons for this software, and upgrades are available through the website. This is one of the best free video editing software programs available. Mr. Gates has done it again. It is a program that does what it it says it does. It's free. I don't care for it one bit! It doesn't play nice with anyone else in the editing community. It produces a file that cannot be played nor even read by any other editor.
APPLE iMOVIE
Apple iMovie is comparable to Windows Movie Maker, but Apple iMovie is used on the MAC operating system. Apple iMovie has many advanced features and add-ons. Unfortunately, the software is only free if you buy a new MAC system. If you want the software without buying the system, it is available for purchase. One of the best free video editing programs available for MAC users. I'm not a Mac Head so I can't speak from experience but those Mac heads and even those that have suffered some sort of conversion tell me that like evrything else Mac - it works, and it is especially easy to use.
AVID FREEDV
Avid FreeDV is available for both Windows and MAC operating systems, and includes basic video and audio editing capabilities, as well as up to two streams of real-time effects. On the whole, a solid video editing program that is slightly hard to use, but very powerful once you learn its ins and outs.
NO LONGER AVAILABLE FROM AVID YET STILL SUPPORTED
WAX
Wax is a high performance and flexible free video editing software program. It started out as a college project, and has since grown. Wax is good for both home users and professionals. It can be used as a stand-alone application, or as a plug-in to other video editors. The software also features unlimited video and audio tracks with top-down compositing.
ZWEI-STEIN
Zwei-Stein is great free video editing software, but the user interface is very technical. It is full featured, offering many different effects. It can edit up to 256 video, audio, and still image clips. There are up to 64 effects, which can be chained serially. An interesting program that's worth looking at. Very popular but a bit too convoluted for my taste.
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