Video editing on YouTube makes its way to the tablet with the release of the YouTube Capture app for iPad and iPad mini.

Announced today, the tool lets YouTube users record, edit, and share videos straight from their tablet devices. Editing features include auto color correction, auto stabilization, trimming, and music.

The videos can be uploaded to YouTube and simultaneously shared on Facebook, Twitter, and Google+ (in case, as the YouTube blog explains it, “you catch the next Double Rainbow and want the world to see.”)

In addition to the iPad and iPad mini, YouTube Capture is also available for iPhone and iPod touch.