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Gickr.com lets you instantly create Animated GIF online for free. You can also upload pictures from your computer or grab them from your Flickr. With Gickr, you can create funny flashy slideshows with you and your friends, cartoons, previews, banners, etc and post them online.
Example of animated GIF created from youtube video:
Animated GIF created


I was looking for something like this. Thanks a lot for this!
Hi Haris,
I am glad it helps.