For the first time ever GrabzIt has released its own Chrome Extension, which makes converting YouTube and Vimeo videos straight into animated GIF's easy. To get started install the YouTube to animated GIF converter extension.
Then simply visit a YouTube or Vimeo page with a video on it open the extension and press convert. An animated GIF is then created in the extension, after it is completed you can download the result and use it elsewhere.
Of course you don't need to use a Chrome Extension to make animated GIF's you can also use our API's or Screenshot Tool.