WebcamMax software (version 8.0.5.2) is a tool that allows users to add various effects and animations to their webcam video streams. It offers over 2000 effects, including backgrounds, masks, filters, and distortions, which can be applied in real-time during video chat or recording. Additionally, users can also use WebcamMax to share their desktop screen, play pre-recorded videos, and apply picture-in-picture effects. The software is compatible with popular video chat applications such as Skype, Facebook, and YouTube.