“Hidden” gems of VLC

Today I found out the power of the “Devices” items in the VLC application.
With that I mean the option to record:

• a videocast with the computer’s camera [Video capture]
  Video effects, although can be seen on screen, are not recorded.
• the usage of some application through its window (or the whole desktop, if you like) [Screen capture]

Audio capture didn’t worked for me; maybe it’s a configuration thing or a conflict, since video recordings had also no audio at all.

[Article copied from a Drupal blog I used to have; now deleted]