Uploading various odds and ends to YouTube often? You may like to know there's just been a bunch of new editing tools added in to make it easier than ever to tweak their clips directly from the site.
The new editing tools give the ability to do things like cutting out select frames, changing the soundtrack, stabilizing or rotating the video, modifying the contrast and colors and further influencing the video via a number of effects on offer. Once you have made your changes and are happy with the result it gives you, it's as simple as re-saving it with the same ID in which it then overwrites the older version of that video.
To locate the new editing tweaks, just click on the 'edit view' button as indicated in the above screenshot.