Mad Ringtones is a free online service that lets you create a ringtone from your favorite mp3 song or YouTube video in just 3 clicks. It is very much similar to the previously discussed service, Make own ringtones.
It makes the creation process easy, intuitive, and quick. Just upload an MP3 from your PC, a URL or a YouTube link. Then select the segment from the file to cut and save as a ringtone. You can then download your ringtone in mp3, amr, ogg and m4r formats.
You can also share your tones on website or blog by using the embed code provided.
It also offers downloading more than 300,000 ready-made ringtones for Free.