YouTube has started offering the capability to create GIF videos from its existing uploaded videos. It has started experimenting this 
feature on .
How does it work?
Simply click the share button, then drag the trim selector to pick the start and the end of your GIF video.
The maximum length of an auto-generated GIF is five seconds. You can also add your own texr to the top and bottom of the GIF automatically.
Could this be Google’s answers to Vine and Instagram? Very interesting move. Just in case you are wondering what are GIF videos: -
The Graphics Interchange Format (better known by its acronym GIF is a bitmap image format that was introduced by CompuServe in 1987[
The format supports up to 8 bits per pixel for each image, allowing a single image to reference its own palette of up to 256 different colors chosen from the 24-bit RGB color space. It also supports animations and allows a separate palette of up to 256 colors for each frame. (Source – Wikipedia)
