Last week, YouTube completed its global roll out of some basic video editing capabilities that enable video publishers to log into their YouTube accounts, click the new Edit video button at the top of the video's page (or through the "My Videos" page in their accounts) and make several basic changes to their videos.As long as a video has fewer than 1,000 views and doesn't include third party content, you can edit it and keep the original link, views, comments, and so on. For videos that don't meet those requirements, a new version has to be saved and published.Video publishers also have the option to save new versions of their videos after editing them if they'd like, and if the edited version isn't as good as the original, it's easy to revert back to that original version. The editing features are very basic, but something is better than nothing, right? Those features allow you to:

• Trim the beginning or end of a video.
• Stabilize handheld footage.
• Rotate videos.
• Change your video to black and white from color.
• Change the contrast and colors thanks to a partnership with Picnik.
• Click the "I'm feeling lucky" link for one-click color correction.
• Change the audio soundtrack for your video.

You can watch a quick video that gives a run down of the YouTube video editing features below.

While the new YouTube video editing features are rudimentary, they do provide a way to make some changes to videos you've already published without having to delete the original video (along with all the incoming links to that video, views, and comments) and upload a new version. There are definitely many videos that could use a quick trim, new audio, or better color, and I'm sure people will take advantage of these new tools.What do you think? Will you use any of the new YouTube video editing features to modify your existing YouTube videos? Leave a comment and share your thoughts.Image: canberkol