Clypsy is a free iPhone app by Solvepoint Corporation that allows users to share video clips with friends and create a personal video clip library. With Clypsy, users can skip to the important parts of videos, share clips easily, and enjoy loop play functionality. The app enables users to organize their library with tags, create a favorites list, and search for videos using keywords and tags. Additionally, users can backup their library via email for safekeeping or future device transfers.

Clypsy ensures user privacy by keeping shared clips private until they are shared. Users have the ability to delete or flag clips as needed, with options to block content from specific sources. Each clip played provides a direct link to the source video channel, enhancing the user's viewing experience.