Light Groove      

Light Groove is a digital video mixer that supports real-time mixing and effects. I unzipped it and loaded the directory up with .AVI files, which show up in the right window. You then select which files you wish to apply to channel A & channel B, turn your light off slider up full, and mix and change AVI files in real-time. You can add motion blur, apply an IR "nightvision" filter, matrix the screen to 2 by 2, 3X3 and 4X4, posterize the image and do other groovy stuff. Play around, who knows...      

Currently only available for: PC

To visit the publishers website, go here.  You can download the latest version & plug-in's, & view the tutorial.