Time Lapse Tool is a Windows software used for timelapse movie creation. It provides professional results with minimal effort. A large number of effects allows you to create creative movies unlike anything else.
Time-lapse photography is a technique whereby the frequency at which film frames are captured (the frame rate) is much lower than that used to view the sequence. When played at normal speed, time appears to be moving faster and thus lapsing. For example, an image of a scene may be captured once every second, then played back at 30 frames per second. The result is an apparent 30-times speed increase. Time-lapse photography can be considered the opposite of high speed photography or slow motion.
From Wikipedia, the free encyclopedia
If you're using a consumer grade point-and-shoot Canon digital camera, you've got hardware in hand that can support advanced features way beyond what shipped in the box. With the help of a free, open source project called CHDK, you can get features like RAW shooting mode, live RGB histograms, motion-detection, time-lapse, and even games on your existing camera. Let's transform your point-and-shoot into a super camera just by adding a little special sauce to its firmware.
Adam Pash from lifehacker.com