Ripping "Clips"

[Aknot]

Is there a way to "rip" clips from movies? Say I just wanted the scene from Raiders where he transfers the bag of sand for the idol.

I would want to "rip" it and put it into another format (AVI, MPG, etc.) with audio.

I was thinking of just buying a "cheap" ($50) DVD player and channeling it through my PC, but I believe I would lose audio.

thanks in advance for any help.