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If you are looking for a software to capture online video clips from Youtube,  Replay AV is the answer. 

Replay AV not only can capture video from youtube, but also any type of video streaming that playing in your computer including Windows Media Clips and Real Media Clips. Further more, It can record any audio on your PC, this including Internet Radio Stations, Sirius and XM Radio, Podcasts, iTunes™ and Shoutcast™ Radio, Webcams, radios and other devices attached to your PC, and more. The built-in scheduler and Media Guide open up a world of new media waiting for you to enjoy.

The Most Advanced Recording Technology

Replay A/V is the only software that combines Stream Capture, Audio Recording and an Enhanced Podcast Client in one easy-to-use interface.

Stream Capture lets you save the bits and bytes of streaming audio and video directly from the internet. Replay A/V is the only software that supports Windows Media™, Real™, Flash™, QuickTime™ and Shoutcast™ streams. The benefits of this technology are enormous - you can capture multiple streams simultaneously (10 or more is doable with most broadband connections), and you get perfect reproduction at the smallest possible size. Plus, unlike other audio capture programs, no background noises creep into your recordings, and the sound card remains free for normal use. You can record XM Radio and Sirius using this method, too. Replay A/V also converts captured audio to MP3, WAV or iPod Audiobook files.

Audio Recording captures anything you can hear on your PC, and saves it to MP3 or other popular formats. This means that you can capture any format, even ones that haven't been invented yet. And it's great for making personal copies of Audio Books or other content.
Special output options like Eliminate Dead Air and Compressed Speech make Audio Recording even more useful.

The Enhanced Podcast Client built into Replay A/V gives you extra capabilities the big guys can't do. Any Podcast can be converted to a bookmarkable file on your iPod (so you can return to the place you were last listening). BitTorrent Podcasts are supported. You can download individual episodes with one click. There's a lot more, too.

Replay A/V is Really Easy To Use

It's easy to capture video clips or audio archives. Just choose Record, Stream Capture from the menu, play your clip, and record it now or later.

This version of Replay AV includes the new Applian Media Courier powered by YouSendIt which automatically sends your recordings to you via e-mail. Thanks to this new feature you now don't have to wait to hear all your favorite recordings - you can set up Replay AV to send them to you as soon as the recording is over! You great is that!

Click here to download Replay AV

FREE Bonus Software

When you purchase Replay A/V, you also get:

Replay Converter: A full fledged video and audio file converter. Convert video and audio files to 36 different formats. Just choose your files, pick the desired output format and go. Replay Converter is fast and easy to use.

Replay Player: This handy add-on makes listening to recorded radio shows on your PC a joy. Pause, skip over ads, fast forward and rewind, or speed up playback. Incredibly handy!

Tutorial : How to download streaming Real Video Clip