Searchles TV remash is an online service that lets you edit any Youtube or Google Videos. I havent tried any similar service in the past but its working is fairly simple. You can even mash up several videos to create a single channel.

Searchlesis basically a social networking startup but recently they launched there Searchles TV Remash tool. It is also quite easy to use. All you have to do is select the videos that you want and drag them into the timeline workspace.

Then you can use the marker to select the desired length and save your channel which you can also save or embed anywhere. Currently it supports only Youtube and Google Video but they might add more later.

What are your thoughts on this ? Have you tried any other service like this? Do share yout thoughts in comments.