No. You can't extract a vlc file into Windows Movie Maker. You must convert the file before it can be imported.
A Windows Movie Maker project file is in .MSWMMformat.
Making movies.
A Windows Movie Maker project file is in .MSWMMformat.
Windows Movie Maker and Windows PowerPoint are similar programs that allow users to compile media into Project/Presentation form. While PowerPoint is generally business/web application oriented, Movie Maker is primarily used for video editing/creation.
Essentials Windows Live Movie Maker.
Right click on file, click open with Windows Movie Maker Project, Add clips and edit by deleting unwanted parts add music and click on DVD to save the movie in the format playable by Windows Media Player.
You can't do that on Windows Live Movie Maker, but you can extract the audio from a video in Windows Movie Maker v2.6 and save/publish it as an audio file.
Resulting effectiveness of a Windows Movie Maker project is dependent on the creator's creativity.
By Publishing the movie. (Tasks>Publish)
A Windows Movie Maker project file (MSWMM) can only be edited/viewed in the Windows Movie Maker program.A Windows Movie Maker movie/video file is the Finished/Published version of the project file which has been converted to a finished Standard Format for viewing.
Finalizing a Windows Movie Maker project is called Publishing (or Finishing the Movie in earlier versions of the program).
You cannot Save/Publish/Finish a Windows Movie Maker project as in FLV format.