LICEcap is a fun and extremely easy to use little graphics application for making GIF animation directly from your desktop.

This could prove useful for presentations at the office or for just having a bit of fun with friends making funny GIF animations.

In addition to .GIF, LICEcap supports its own native lossless .LCF file format, which allows for higher compression ratios than .GIF, higher quality (more than 256 colors per frame), and more accurate timestamping. If you record to .LCF, you can play back the .LCF files within REAPER (and/or use it to convert to .gif or another video format).

LICEcap Features and Options:

-Record directly to .GIF or .LCF.
-Move the screen capture frame while recording.
-Pause and restart recording, with optionally inserted text messages.
-Global hotkey (shift+space) to toggle pausing while recording
-Adjustable maximum recording framerate, to allow throttling CPU usage.
-Basic title frame, with or without text.
-Record mouse button presses.
-Display elapsed time in the recording.

Click on the screenshot below to see LICEcap in action.