Check out Avidemux
It's not as fully featured as Vegas, but a lot easier to use.
After you import your videos just select the section you want to cut out using the "A" and "B" buttons to mark the start and end of the section you wish to edit. Then hit Ctrl+X to edit out the section. Afterwards, just hit File > Add to joblist... Then select "View Joblist" under the File menu or hit Ctrl + J. Hit run all jobs or select the entry and hit Run selected Jobs, and you're done. Just make sure to pick a good location and include the file format in the output file. It didn't do it for me when I ran a quick test. eg. if your video had an .avi extension you would have to name your output video "video.avi
" or whatever the extension is.
If you have any questions, post here and I'll get back to you.
Edited by Alias50, 28 March 2012 - 05:59 PM.