Go to Preferences once again and click the option All under Show Settings at the bottom.The video clip should be auto saved in the location you've set. Locate to where you want to begin > click the red button to start recording and hit the button again to stop.Click Media and Open Files from the context menu to play a video file.Click on Advanced Controls under View tab if there is no red Record control in the timeline area.Then save the changes and reboot VLC to have the settings to work. Or recording will be saved in C: drive/Finder by default. Launch VLC > go for Tools and select Preferences from the context menu at the top > In Input & Codecs Settings, reset a new directory for storing recording files.The first thing to create a GIF from a video is to capture what you need from the video to generate a video clip. Play and Record the Scene You Want to GIF in VLC. Below are the specific steps to create a GIF from a video in VLC and Photoshop. You can extract frames from the video you want to gif using VLC, then make adjustments and turn the frames into a gif with Photoshop. VLC is an open-source and versatile media player with tons of impressive features. How to Create a GIF from a Video with VLC and Photoshop? The Easiest Way to Create a GIF from a Video on PC/Mac.How to Create a GIF from a Video with VLC and Photoshop?.