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Directly under the flash video: "Save the Web Don’t bookmark the web. Save it. Gimme Bar doesn’t just keep bookmarks; it stores items in your personal library in the cloud. You can even back things up to Dropbox."

Seems to state the purpose and expected usage scenario quite clearly. The Terms of Service at the bottom also has a good description of how they handle Copyright issues which I would think is likely to be the big issue. I.e. if I "save" a favorite video to the site, can it disappear a year later due to some copyright complaint? The answer is yes.



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