Methods, systems, and media for generating a summarized video using frame rate modification are provided. In some embodiments, a method for editing a video is provided, the method comprising: receiving, using a hardware processor, a video file; identifying a plurality of frames at a playback frame rate from the video file; generating an edited video file by extracting a subset of the plurality of frames, wherein the extracted frames in the subset of the plurality of frames are separated by a predetermined length in the plurality of frames and wherein extracting the subset of the plurality frames modifies a frame rate of at least a portion of the video file to an effective frame rate; storing the edited video file; and presenting the edited video file at the playback frame rate.