This video picks up from part 2 when you have just conformed a sequence using Open Clips. At this point if you want to start versioning your media, you have two choices. If the media already exists, than you will use the Multi-version Open Clip. If the media does not exist yet and you want to create a place holder that can be monitored for media, than you will use the pattern Open Clip. The pattern Open Clip scenario is more common as new versions are typically introduced as the production progresses. So this will be the main focus of this video.