Systems and methods in accordance with the present invention can be applied to generate a personal media library of media segments from a media stream. A method in accordance with one embodiment can comprise receiving the media stream, identifying one or more novelty points within the media stream and creating a plurality of media segments based on said one or more novelty points. The method can further be applied to compile a playlist or substitute media stream organizing such stream as desired, eliminating redundant media clips and discarding advertisements.