Open VLC media player on your computer.
Go to Media >> Open Network Stream or you can also press Ctrl+N to open required window.
Open a browser and paste above copied link in address bar then video will start playing and now right click on video then a context menu will appear as screenshot. Click here on Save video as
Now Save as popup window will be open as screenshot. Put the file name in with “.mp4″ extension (For Example: video.mp4) and click on save then video downloading will be started.
Now your favorite YouTube video will start to download at desired location. You can watch downloaded YouTube video after download completes.
Go to File>Streaming/Exporting Wizard
Then paste the url of the video under select a stream tab.
Hit next and check Transcode video and Transcode audio checkboxes.
Now you can select the format you wish and then hit next.
Now select the path of the video and hit next.
Wait for video to be downloaded and you are done.