Lifting and Extracting

A simple cut in the timeline means right-clicking on the video and simply selecting "cut," which leaves a gap. When you cut, the other clips in the timeline can be shifted over if you select "ripple edit."
A ripple edit is when you delete one clip and move all of the others over to get rid of the gap l;eft by the "cut". You do this by right clicking on the gap that is left, and selecting, "ripple delete." When you ripple delete, the other clips to the right of the deleted clip shift to the left, and eliminate the gap.
Lifting and extracting are two ways to cut segments of a clip one at a time. To do this, you select the in and out points of the segment you want to get rid of, in the "Program Window," then clicking the lift or extract buttons which are also in the same window. Lifting is like eliminating a segment while leaving a gap, while extracting is likeeliminating a segment, and shifting everything to the left, in terms of what happens to the other clips in the timeline.
This is an example of both types of editing, but the final edit was done as an extraction. I decided to extract the two clips where I did because the jump was already over, and I did not feel that it was crucial to show the horse wandering away after the jump was done.