Debugmode Wax (2.0e is the current revision) is a freeware video editor which can be used in a variety of fashions. Wax developed into a highly independent video compositing software with rotomate, a chroma keyer and light values chart.Below is a table of Wax changes and advantages:When you use wax for the first time there are a few things to note: Wax (Wax video editor) can only import and export .avi files.