Extracting Workshop

A simple cut in the timeline means that you are deleting a clip and it is NOT sliding over. When you cut, the other clips in the timeline they are deleted from the timeline.
A ripple edit is when you delete a clip from the timeline but at the same time, you are sliding the remaining clips over to make the whole video flow. You do this by right clicking on the clip you want to delete and instead of hitting 'cut' you hit 'ripple edit' in order to slide all the other clips back. When you ripple delete, the other clips to the right of the deleted clip and are slided to come right after the preceding clips without leaving a gap.
Lifting and extracting are two ways to cut and delete at one time. To do this, you set an in and an out point of the portion you want to delete in the Program Panel and then depending on what you want to do, click lift or extract which is found on the lower right corner of the Program Panel. Lifting is like cutting or deleting a clip only, while extracting is like the ripple edit option, in terms of what happens to the other clips in the timeline.
This is an example of an extract edit. I decided to ripple edit the two clips where I did because it added consistency and flow to the video as a whole because there were some parts where the horse was doing nothing and we felt that those parts were unnecessary in the video. Also, with the way we did it we added to the climax of the whole video.