Just right-click on the copy you've made and go into the "Video effects". Next to the "Play speed" controller, there's a button with a minus sign and an arrow that will change the direction of the video object in question. For the rewind effect, you will probably want to speed up the playback a little too. Note: You will only be able to activate this button if the selected video object is not grouped with an audio track. So, you might have to ungroup video and audio for that object in the timeline first (Ctrl+M). You will probably want to remove the audio portion of the object that makes up the rewind effect and just have no sound or replace it with a special sound effect. Unfortunately, Movie Edit Pro cannot reverse the audio object, but if you really wanted to, you could create a backwards version of that piece of audio in an external program and match it up with the rewind clip again.