TigerDirect.com is offering the  JVC GC-FM2Y Picsio 1080p HD Digital Camcorder in yellow for only $39.97. If you don't want to spend the money on the Picsio's competitor, the Flip UltraHD, you can still get a feature-rich camcorder that wont' break the bank. It has a list price of $179.99. You'll receive a $125.02 instant discount, and with a $15 mail-in-rebate, you can drop the price down to $39.97. There's $2.29 in shipping, but that's not too shabby for an HD video camera that's 78 percent off its original price.

The JVC Picsio GC-FM2Y features a 3-inch LCD display, 5-megapixel still camera, SD/SDHC card slot, YouTube capture mode, both HDMI and USB connectivity, and more.

PCMag reviewed an earlier model, the Picsio GC-FM1 , and said, "The category has matured quickly over the past couple of years with devices that record HD video, capture still images, and include HMDI outputs. Thankfully, the Picsio offers all of these and more. It's hardly a revolutionary piece of hardware, but its slick, compact design and features make it a solid choice if you're looking for an easy-to-use pocket camcorder that captures HD video and still photos."

The $15 mail-in-rebate expires on June 30, so make sure to send yours in ASAP.