Splice - Video Editor by Path 36 LLC
Splice is a simple video editor with just enough controls to create a quality video. The program allows you to import media from your camera library and edit that content in a timeline view. There are no themes to choose from (as in iMovie), but you have several options for adding borders. You can switch back and forth between audio and video editing modes and insert transitions, titles and soundtracks. Splice also allows you to fine tune each frame by using the crop and filter tools to control panning or adding pencil sketch effects. You can export your project in SD or HD formats. Arguably, Splice is the easiest way to create a video on the iPhone. Splice is $3.99 in the App Store.