The assignment was Subtitle a GIF worth 4 stars. I took a short video of Yub the Ewok with my Sony Camcorder jumping and then added the video to Windows Movie Maker. I then clicked the caption button (under home) to add my subtitle. The text tools you see here allow you to change your font, the text animation and so much more.
I saved my video as a WMV and used http://ezgif.com/video-to-gif to take my video and convert it into a GIF.
The original GIF was an 8MB file! Thankfully the site above has a resize option which shrunk the file down to only a little over 2MB. It also has many other cool effects and best of all it is free.