If you’re looking to upgrade your filmmaking arsenal, Instagram just gave you a brand new toy to play with. Instagram recently unveiled Hyperlapse, a brand new app that easily creates fast, time-lapse videos. Only available on iOS right now – with an Android version coming someday down the line – Hyperlapse is built around an algorithm that stabilizes the traditional shakiness of videos you shoot on your phone. Designed to make use of your iPhone’s gyroscope, Hyperlapse brings the processing power of a $15,000 desktop rig to the palm of your hand. The app is incredibly straightforward and simple to use. The first screen only has a record button, which is where you capture the video you want to make a time-lapse of. Once you’ve got your footage, the next step is to set the playback speed – anywhere from 1x to 12x – then decide whether you want to upload it to Facebook or Instagram. With Hyperlapse, Instagram has given you the tools to turn yourself into an amateur Martin Scorsese.