Source: http://gizmodo.com/5969154/new-youtube-capture-lets-your-record-and-post-videos-instantly
Want to quickly record a moment and share it with everyone? YouTube's brand new Capture app lets you take video and share it instantly where ever you want.
Open it up and it's ready to take a movie right away. It also reminds you to turn your phone horizontally, so you don't have the iPhone's annoying vertical video effect. Once you've Captured your video, you can edit for length, add background music, and make little tweaks like color correction and stabilization. It's only for iOS right now, but Google says an Android version is coming. So next time you want to embarrass your friends at a late night karaoke session, here you go. [App Store via YouTube Blog]