Here is a free application called YouTube2Video that allows you to download & convert YouTube videos to Mp3, Mp4.
Supported formats are MP3, MP4, WAV, AVI, 3GP, MPEG, FLV, & many more.
Download videos from YouTube, Vimeo, Facebook, Flickr, Daily Motion, etc.
This application is free forever. Users don't need to pay any charges to convert or to download their file.
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