Multi Webcam Video Recorder is an excellent free webcam recording tool that can capture video stream from multiple webcams plugged in your computer and save to seperated files directly to your local disk. It is completely free.
The video files are saved in Windows Media Format that can be played back by Windows Media Player directly without third party player or codec. Besides, Multi Webcam Video Recorder can take snapshots from webcams under a user-defined time and save to .bmp or .jpg files.