The original video is very long with lots of shots I didn't want. I decided to take only the close up shots of SRR and clips from different parts of the race.
I took the clips I wanted, chopped them up, rearranged them, removed the audio, slowed them down, and added filters like black/white and "dream."
- Modify --> Detach Audio separates the audio from your movie so you can delete/edit it.
- Command+B splits your clips.
- Transitions can add effects like fade out, etc. between clips (lower left corner).
- Use the Inspector above the top right video window to change the speed, coloring, zoom, etc. of your clips.