mixbit

Mixbit
related: tools, video

[|MixBit] lets you record, edit and publish videos as short as one second or as long as an hour—right from your mobile device. The MixBit site is also the first site that lets users collaborate with each other and remix videos uploaded by the community.

Wikipedia
http://en.wikipedia.org/wiki/Mixbit

App
https://itunes.apple.com/us/app/mixbit/id672949706?ls=1&mt=8