Instagram is adding a time lapse video application to its popular social media tool, meaning you'll be able to condense your videos into sped-up clips to share with your friends and followers.

Instagram announced the new iOS-only app called Hyperlapse in a blog post and promotional video on Tuesday. Hyperlapse can make videos run up to 12 times their regular speed, all with the touch of a button. The feature also provides image stabilization, so videos recorded while the shooter is in motion won't look shaky when sped up.

Instagram's video functionality only supports brief clips of between three and 15 seconds, so the time lapse feature lets you fit more video into that window of time.

"We designed Hyperlapse to be as simple as possible," says the blog post announcement. "From documenting your whole commute in seconds or the preparation of your dinner from start to finish to capturing an entire sunset as it unfolds, we're thrilled about the creative possibilities Hyperlapse unlocks."

Hyperlapse from Instagram is available free in Apple's App Store and does not require an Instagram account to use.

Users record their videos in the Hyperlapse app, then pick a run speed before saving the finished clips to the Camera Roll, where they are available to post online.

Introducing Hyperlapse from Instagram from Instagram on Vimeo.