I want to create a truly unique lyric video with custom text animations.
Lyric templates allow varying degrees of control over how the lyrics animate in and out of the video. Some templates have very simple formatting settings like placement and size, while others cater for very granular adjustment of every aspect of animation, including which animations are used, how long they last, and how they are accelerated (easing).
In order to make adjustments to text formatting or animation, go to the "Customize" tab when inside the editor. Some settings will be included right away under "Basic Controls", though you can always check out everything by switching to "Advanced Controls".