Karaoke 5 is a versatile karaoke player and editor, which allows users to create and play karaoke files in various formats. It supports MP3, K5, MID, KAR, KFN, MP3+CDG, WMA+CDG, CD+G and VS (Virtual Score) formats. The software also includes a mixer, which allows users to adjust the volume, balance and pitch of the music and voice tracks. Additionally, Karaoke 5 offers a range of effects and tools for editing and enhancing karaoke tracks, such as tempo and key changes, echo and reverb effects, and a voice cancellation feature.