High quality GIF with FFmpeg
And to complete the circle, run the gif through Gfycat and check out the mindblowing bandwidth savings:<p><a href="http://gfycat.com/IllustriousHairyGermanpinscher" rel="nofollow">http://gfycat.com/IllustriousHairyGermanpinscher</a><p>GIF: 1 MB<p>Video: 73k