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The Smart tool combines the best parts of the Trimmer, Selector, and Grabber tools all into one. To make the Smart tool active, click the bar above these three tools. You can also press F6 and F7 at the same time to activate the Smart tool. When you move the Smart tool down into a region, the Selector tool is active in the top half and the grabber in the bottom half. If you move towards a region boundary, the trimmer becomes active on either side. And if you go to the top corner, you'll see the Fade tool right there, for a fade out or fade in.
And if you bring it all the way down to the bottom, you can create a crossfade, all you need to do is click and drag, and you can create a crossfade. The fades and crossfades will follow your default fade settings that you can set up in the Preferences. Setup > Preferences > Editing, and right here, Default Fade Settings, and we'll cover this in another video. Now one thing you should note is that the Smart tool follows whatever tools you have selected in here, so if you end up having the separation grabber active and you create the Smart tool, that's what Grabber tool will be active in the Smart tool.
So you can see here that the Smart tool can do a lot of things at once. It's definitely the edit tool that I use the most, and once you get familiar using it, I'm sure it will be the same for you.
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