DragOnTape is a service that will let you take as many videos, posted online, as you want and have them remixed into a single clip that can run as long as you want. Obviously, this is something that musicians and music lover are going to maximize more than anybody else. Musicians will be able to take different videos of them performing at the same venue that have been shot by friends and posted individually on YouTube and then come up with a clip depicting the show in its entirety. I guess, even if you are not a musician, you can find a use for this free new Web 2 application.
A simple search, drag, and drop will get you started, or you can copy and paste links to your favorite YouTube videos in Dragontape's search bar. Drag and drop your video choices into the time line, arrange them in the order you like, and begin watching instantly. You can save up to three hours of continuous play per "tape" and share links to your Dragontape playlist. The tapes you create are accessed through a single URL, so you can easily share with friends or embed them in a webpage. The source clips remain in their original locations, DragOnTape simply remembers where to find them.
DragOnTape is currently in beta and requires Flash for video playback. The company says IE and HTML5 support is in the works, and they're also working on support for Vimeo, Dailymotion, Metacafe, and other sites.
Developers Website: http://www.dragontape.com/