This is the video editor I've been looking for. Go get it while the offer lasts.

Pros:
1. The most intuitive editor. You'll not need a tutorials to understand it. You'll start making videos right away.
2. The best timeline. It's so smooth. Scrubbing the timeline - no lag and no buffering. I've used InVideo before, and it used to be such a pain. In InVideo, there is no scrubbing feature, and I had to play the video, mark the timing for entry and exit, drag something, readjust, and more and more steps. The thing that would take me 3 minutes to do something. I can do that in 10 seconds in Wave. Superb timeline.
3. I can upload a long video and then cut it into multiple scenes. Then I can add transitions easily. It will take at most 1 minute to create 30 scenes out of a lengthy video. If I had to do the same in InVideo, I would have to create 30 scenes manually, upload the video 30 times, trim the same video a 30 times for those 30 scenes with consecutive in and out times. It would take me an hour to do the same.
4. Giphy integration is awesome
5. Awesome predefined layouts. I haven't seen such feature in any other SaaS editors. This is unique in Wave. I can create awesome layouts for each scene with just one click. It's possible to customize the layouts too (Feature request: It'd be even more awesome if we can save the customized layout)
6. Best stock collection
7. Easy to browser through the stock collection. Very good UI/UX. Since the thumbnail is large, it's easy to select a video you want. In InVideo, selecting videos is such a hard task. The videos have extremely small thumbnails and restricted only to left panel.
8. Best music collection, classified nicely
9. Automatic transcription of your videos. This is so good. You can burn in the captions. You can choose the style for the captions. You can reposition the captions anywhere on the screen. The team is currently building a caption builder too, which you can use to input text and build your own captions.
10. Predefined text styles is awesome.
11. Resizing videos is quite easy.
12. Can manage multiple brands.
13. They keep adding new features regularly.
14. Uploading videos and exporting output is jet fast.
15. You can organize your uploads in folders (Feature request: Search functionality for uploads)
16. Video landing page and Wave hosting is additional plus.
17. Good support via chat and also in the FB community.
18. They are going to make it possible to edit videos up to 30 minutes (helpful for YouTubers like me)
19. Nice audio timeline
20. The team listens to you. To me, this alone is a great plus point to buy Wave video. If you suggest a good feature and will help many others, the team is ready to build the feature.
I can keep going on and on, but Appsumo has word limit on the reviews. So go get Wave if you really want an easy-to-use, intuitive, awesome video editor.

Cons:
1. Less templates compared to InVideo (for novice)
2. Less transition effects and animations compared to InVideo.