Step 1: Select the video you would like to make a GIF and image of and click 'play video' to open the video page.
Step 2: Above the video you should see 3 tabs:
Video | GIF | Image
Step 3: Select GIF, and then click the button 'create GIF'.
Step 4: Select your starting point, duration, and how many times you would like the GIF to loop.
Step 5: Click 'create'.
Step 6: Once your GIF has been created (this can take a while) it will appear under the 'GIF' tab.
Step 7: Your image will be automatically generated when your GIF is created. This will appear under the 'Image' tab.