A $2000USD box, based on a Commodore Amiga that did kick-ass video effects. Its 3D portion, Lightwave was used for the effects in Babylon 5.
It was made by NewTek.

Note that NewTek also offers a Video Toaster NT, which offers more features than the old (really dated) Video Toaster/Flyer setup available for the Amiga system. It does realtime transactions / wipes on uncompressed D1 video, which is really wild. This baby is the best buy for under $3000, just be aware of the fact that you need hard drives that do 22MB/sec.

See: http://www.newtek.com/
vi = V = videotex

video toaster n.

Historically, an Amiga fitted with a particular line of special video effects hardware from NewTek - long a popular platform at special-effects and video production houses. More generally, any computer system designed specifically for video production and manipulation. Compare web toaster and see toaster.

--The Jargon File version 4.3.1, ed. ESR, autonoded by rescdsk.

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