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Recording Video with QuickTime Pro 7 (Mac OS X)
Recording with Video (Mac Only)
To begin, select File and New Movie Recording. A new window will open featuring video from your camera, a length, level meter, size, volume control, and the record button

To begin recording, press the Record button, to stop recording press the Stop button. By default a file called Movie.mov will automatically be saved to your desktop.
Once stopped, the Recorder will change its appearance to a traditional media player.
Editing the Movie
Editing the movie is exactly the same as editing audio. Notice the Playhead and the selectors below it.
To remove a section of video, drag the front selector to the end of the unwanted video.
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Select Edit and Cut. This will remove the unwanted video.
Exporting the Movie
To export the movie, select File and Export.
Under the Save As give the movie recording a name.
Navigate to where you want your file saved.
Next, choose an export preset from the drop down menu. Inside you will find several options

Ideal Settings for Web distribution
Choose the Movie to-MPEG 4 for the best results. Select Options and input the following information:
H.264
Video size: 320x240 Pixels
Frame Rate: 15
Data Rate: 300 kbps