There is an easier way by just draggin the video into photoshop and cut the part you want, the latest version of PS supports videos, I mean just look at my avi so HQ
'Guns, girls, come on, we ain't done yet,
got a lot to handle, we ain't take over the world yet
we're an army, better yet a navy, better yet crazy, guns in the air!'
you're back. 
