High Quality editor for free, maybe? Do they exist?

I know there probably won't be something as good as Sony Vegas out there for free, but I use Windows Movie Maker, and It's so limited as to what it can do. I've taken a break from making videos because I had a job that was pretty stressful and left me grumpy and not wanting to do anything. I almost forgot about YouTube, which is rather depressing lol

Anyway, I want to make better videos with better effects, but I don't really have it in my budget to spend money on a fancy editor. I also don't want to try a free trial of anything. If I don't get to keep it, I don't want to get excited about it, ya know?

I'm working with Windows 7. Any suggestions?

Huh, What about smartpixel, it is a basic youtube video editing software.
 
Huh, What about smartpixel, it is a basic youtube video editing software.
I'll give it a look, but I'd like something a little better than "basic". I've been using windows Movie Maker, and it's pretty limited comparing to what other programs can do. I'll probably be completely lost and not know what I'm doing, but I want something that's able to do a little more. :p
 
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