LapseIt 1.0 for Mac was available to download from the developer's website when we last checked. We cannot confirm if there is a free download of this app available. The actual developer of this free software for Mac is Interactive Universe. The software lies within Design & Photo Tools, more precisely Viewers & Editors. We recommend checking the downloaded files with any free antivirus.
From the developer:
Lapse It lets you create time lapse and stop motion projects using the full potential of your device. The application allows you to import multiple images and videos from multiple sources to compose a new project using many editing tools. You have the ability to play and export sequences of images as videos.
You may want to check out more Mac applications, such as Vectorworks 2010 Viewer, DropImageURL or Polaris, which might be similar to LapseIt.