All the cool kids are making and sharing animated GIFs these days. Imgur just made it easier to get in on the action, by turning video links into GIFs (or, more technically, in Imgur's optimised GIFV format).
All you have to do is paste in the video URL, drag the slider for your start and stop time, and optionally add text. Then just wait a few seconds as the magic happens. You'll get links for sharing and can instantly share on Imgur.
We've seen plenty of ways to make GIFs before, but now you can make higher quality GIFVs. (Imgur just calls them GIFs.)