The term 'cut and splice' is a term used in the field of editing. It refers to the process of taking two separate pieces of footage and combining them together to create a single, cohesive video. This process involves cutting out sections of the footage that are not needed and then splicing the remaining pieces together. The crossword solution for this term is EDIT, which is an acronym for Electronic Editing. This is the process of using digital tools to EDIT video footage, which is often faster and more efficient than traditional methods.