While iMovie has become the standard video editing app for the iPad, it is only free on newer iOS devices. Splice allows you to create and edit videos from start to finish via your iPhone or iPod Touch with no laptop or desktop computer necessary and is free for all devices. The power of Hollywood is now with you, anytime, anywhere. Splice together HD photos and videos in an amazingly simple way. Add music tracks from your iPod library, sound effects, transitions, borders, effects (like Ken Burns, slow motion and fast forward), trim video and audio, narrate with your own voice, and much more.
Price: Free with ads, $3.99 ad-free
Platform: iPad/iPhone/iPod Touch
More info: https://spliceapp.com