When you're satisfied with the endpoints you've selected, hit C or click the button.
A new dialog box will appear with options for the clip.
You'll be prompted to enter a name for the clip, and to select a destination folder.
The folder that you selected the last time you created a clip will be your default folder. You can also enter any tags that you would like to be added to the clip. (For information on recording folders, seeFolder Manager)
You can take action on a clip immediately after it's created by selecting one of the Clip And options.