The fastest way to edit AVI (DivX, Xvid, MPEG 4), MPEG 1 and 2 video!
Free Video Dub is the free video editing software that lets you delete unwanted parts from video files without re-encoding.
And "without re-encoding" means without loosing original quality!!! This is a lossless conversion, which is very fast.
Supports many MPEG files: MPEG 1, MPEG 2 and even MPEG 4 AVI, MOV, MP4, M4V, MPG and FLV files including DivX and XviD.
Product page: here