Which feature enables you to quickly edit clips in the timeline based on the playhead position?

The Ripple Edit Tool allows for efficient editing of clips in the timeline by changing the start or end point of a clip while automatically closing the gap left behind. When using this tool, if you shorten or lengthen a clip, all subsequent clips on the timeline will shift accordingly to maintain continuity in the sequence. This is especially useful for making quick adjustments based on where the playhead is positioned, allowing for a more fluid and dynamic editing process.

In contrast, other tools serve different functions. The Rate Stretch Tool alters the speed of a clip rather than its position, affecting playback without directly moving other clips. The Slip Tool is used to change the in and out points of a clip without affecting the clip's position in the timeline, meaning it doesn't necessarily help with repositioning clips based on the playhead's location. The Cut Tool, also known as the Razor Tool, simply divides clips but does not facilitate adjustments or the automatic shifting of adjacent clips. Thus, the Ripple Edit Tool is the optimal choice for editing based on the playhead position effectively.