VirtualDubMod is a free application based on the famous VirtualDub created by Avery Lee.
Te result of mixing and joining all those modifications gave VirtualDubMod as result. Though at first it was going to be just a project, when we have tied it we have realized that it is even better than the original one. Now you can add effects, codify, cut, paste,... and it's totally free.
Edit and capture movies, don't touch your wallet and enjoy a full-featured program.