Cuts.com is a new website that allows you to take any video from YouTube or MySpace and cut it up to create something new. You can add sound effects, subtitles and other interesting effects.

Cuts.com is currently running a weekly competition to find the best “cutters” around. Give it a go if you think you can cut it! (HaHa what a funny pun!)

Here is the first week’s winner: “Rude’s Hiaku Van Rifftrax Cut!” (by Cutter Rude). It’s a funny and creative translation of a bollywood music video.