Lifting and Extracting

A simple cut in the timeline means that you cut out a certain point and a gap is left. When you cut, the other clips in the timeline are deleted.
A ripple edit is when you cut a clip but nothing is deleted; everything moves over. You do this by setting an in and out point in the clip you wish to cut then you press right click then select ripple delete. When you ripple delete, the other clips to the right of the deleted clip will shift over.
Lifting and extracting are two ways to cut a clip at one time. To do this, you go to premiere pro and place clips in a location that makes sense.
Lifting is like moving, while extracting is like deleting, in terms of what happens to the other clips in the timeline.
This is an example of an lifting and extracting edit. I decided to combine the two clips where I did because it shortens the time and goes straight into whats going on.