Adding fade-in fade-out effects in Windows Live Movie Maker

Recently I needed to add fade-in and fade-out effects to a video using Windows Live Movie Maker (WLMM). By default, you can only apply one effect per clip and I needed to apply two. It is possible to do this in WLMM. I searched the intertubes to find a tutorial on how to do it but did not find any that worked with the Live version of Window Movie Maker. So, after digging around the settings, I found the solution and thought I would create a video tutorial on how to do it. Here it is for your pleasure. Video transcript below, just in case.

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