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Here's a way to extract audio (sweet song/awsome soundtrack??) from a video clip-the open source software way.
Just because this is my first instructable, I'm not asking you to go easy on me. All criticism wanted!!

Step 1: Get Software

Go to http://audacity.sourceforge.net/ and download audacity.

Step 2: Get Video Clip

Go FILE-OPEN and select your clip
then hit OPEN

Step 3: Highlight Audio

Go on, play around a bit! you cannot hurt the program it is your friend.
Once you have found the selection of audio you want then click and drag your mouse over the desired music

Step 4: Trim (and No I Do Not Mean a Cheap Haircut!!)

Once you have selected the bit you want then go EDIT-TRIM

Step 5: Export

Once you have completed all the other steps (and if you have not then go and do them now!!!) re-highlight your selection and go FILE-EXPORT SELECTION AS WAV.
Then I assume you have enough knowledge to save the file (if not then message me and I will help)

Step 6: Finale

Now open the file and enjoy with your default music player.
Part 2 will use Adobe products for the rich or shameless software pirates (I feel your Pain!!)
Part 3 (Hopefully) will use hardware

Until we meet again..

-gotta get out of here chair is killing my back-
audacity > all if you're willing to put the time in to learn the product it's SOOO useful
Yea it is really good and I prefer it to Soundbooth for extracting audio.
Wait, Audacity opens video files directly? Since when? And here I am (well, was) recording sound through loopback. I was about to say "you missed a step" but it doesn't look like you did.
Yea audacity does directly open video files if using adobe soundbooth then you have to extract the audio using adobe premier then send it into soundbooth. In my opinion Audacity is better for these types of jobs

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