Just visit Imgur GIF creator and paste the video link in the text box. Once it finishes fetching video, it will show you a video timeline below. Here, you can select start and end of GIF.
Once you have selected the start and end, you can now edit the text which you want to display in the GIF. Once you are done, click on create Gif button.
It takes some time to generate GIF but output gif has high quality.
While working with few YouTube videos, I found that it failed to convert various videos. But converted many successfully. I could’t find why few videos were not converted to GIF.
Try and share your views with us via comments.