Send to a Friend

Is it possible to extract just the audio portion of a YouTube video, save in the AAC or MP3 format on a PC, then copy it to a CD-R?
The reason I ask is that there are lots of good folk dance music (often played at, say, weddings and festivities in remote villages around the world) that are suitable for dancing. I would like to make a CD of this music that we could use at our local dance group.
Using Fluther
or