Explore video synopsis techniques for efficiently summarizing surveillance footage in this 54-minute lecture by Professor Shmuel Peleg from the University of Central Florida. Learn how to condense hours of video into minutes by altering object display times, creating a denser visual summary while maintaining key information. Discover the complementary nature of video synopsis to automatic video understanding methods, and understand its applications in browsing and analyzing large volumes of surveillance data. Delve into topics such as dynamic mosaics, object-based summaries, panoramic synopsis, and time-lapse backgrounds. Examine real-world examples, including monitoring a coffee station and analyzing passage footage, to grasp the practical implications of this technology. Gain insights from Peleg's extensive experience in computer vision and image processing, and understand how video synopsis can revolutionize the way we handle and interpret surveillance video.