A simple cut in the timeline means deleting a clip out of the timeline. When you cut, the other clips in the timeline stay where they are, leaving a gap. A ripple edit is when you delete a portion of a clip, but after you delete it, the button you click will automatically move the other clips in the timeline together, closing the gap. You do this by right clicking on the clip, and then clicking ripple delete. Lifting and extracting are two ways to cut portions of different clips at one time. To do this, you press the in point in the program panel where making a cut would be appropriate and then clik the outpoint where it would be appropriate.
Lifting is like a simple cut, while extracting is like a ripple delete in terms of what happens to the other clips in the timeline.
This is an example of an extract edit. I decided to extract the two clips where I did because it was the only semi-approprate place to cut it. It doesnt look the best, and you cant tell, but that was the only place that made sense.

This is an example of an opening title, which means it is at the beginning of a video or clip to introduce what the video or clip will be about. You might use this kind of title when you want to introduce something.

This is an example of a template title, which means it is also shown at the bottom of a screen, but it is across the whole bottom, and not just one third. You might use this kind of title when you want to name a subject as well, or show the name of place or setting.

This is an example of a lower third overlay title, which means it is displayed in a lower corner of the screen. You might use this kind of title when you want to show the name of a subject in the video.

This is an example of an overlay edit. An overlay edit places a clip on top of an original clip while the original clip is still playing. The inserted clip does not effect time in the original clip. To do this, you edit the clip in the source panel. Then you drag the edited clip to the timeline where you want to place it. I decided to edit the 2nd clip where I did because you see the lady is paying attention right after the first jump, then goes back to the horse jumping a second time.



The difference between an overlay and an insert edit is for an insert edit, when you place a clip in the timeline with an original clip, time in the original clip stops and cuts to the inserted clip,then picks up where it left off. This type of edit interrupts time. You would use an overlay edit when you want to keep time realistically going, while you’d use an insert edit when you don't want, or need continuous time. In this case the overlay edit works better because the lady in the second clip is watching a continuous action.