Application Title: GIF creatorby oshows
"Truveo Animated Gif Creator" is a Windows desktop application for creating animated Gif images from videos found with the Truveo Search Engine. The user can capture frames from the videos found as they are being played. The captured frames can then be altered and saved as an animated gif. Some of the effects available include; grayscale, flipping, text insert and text transition."
link: http://www.windowsultra.com/gif