I know this is old news to the veterans here, but I found the info useful so I'm passing it along to others. I wanted to find a "free" way to create time-lapse video, and I came across a post in another forum by John Rofrano. He said you can export a sequence of spaced frames as stills, then import the sequence as a new clip. So I created a brief demo, and wrote up the process with enough detail that even a rank beginner can easily follow:
--Ethan