Sony Vegas Editing help
 

I apologize if it's in the wrong forum, but I figured since it's sony vegas I should be in the correct forum! Anyway, I was watching a video - http://www.youtube.com/watch?v=QzzXOAGYN3c

I would like to ask if anyone do know how he edit the effect right before every word came out? It look like a "blink-blur" effects. Starting from 0:05 to 0:55, to see clearer on the effect I'm asking, you can check the timeline from 0:51 - 0:55, the "blink-blur-impact" effects. I hope someone can be kind enough to teach me!

Thanks for your time.

Its a zoom in and out really fast with a blur. Its actually pretty easy to do. Its mostly just learning to split the clips and add the effects to them.