Cutting video with VLC

Does anyone know of a way to cut videos in VLC?

The only articles I can find on the web is about the use of the rocord button.

I've used the record button, but it doesen't appear to me like the product is as good as the original source.

I don't want to encode the video over again, I just want to cut it and make it play from anywhere in the video.

i dont think you can do that