VLC is good as a no frills media player for a huge variety of video file types. Stuff that Windows Media Player doesn't have the codecs for, etc. Never had issues with VLC freezing or stuttering like WMP has for me in the past.
Never heard of it being able to capture YouTube videos. That's usually done easiest through a browser extension. Firefox has a number available, and Chrome should as well. Not sure about IE.
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Kiss my white Irish ass.
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