After looking for information on ffmpeg and virtualdub, I found that making a clip from a longer video file cumbersome or in this case, unsupported. Virtualdub doesn’t support mp4 or h264 encoding.  VLC’s record feature is currently broken and unable to record clips.

After some searching, I found the program avidemux did the job quickly and easily. To create a clip, drag and drop the video file and then set the A and B points in the file that you want to extract into a separate video file. To create the clip, go to File -> Save.