Israel’s Magisto has the hottest app for 2012 – the year of the mobile video. Magisto allows you to upload your home videos (from phone or camera) to youtube and edit them quickly and easily into the most exciting clips possible. It takes your home videos to a whole new level.
http://blog.appboy.com/2012/01/magisto-for-iphone-takes-your-home-videos-to-a-whole-new-level-and-it-does-it-for-free/
http://www.youtube.com/create_detail/Magisto