Hello!
Me and a group of friends are starting a new gaming YouTube channel and the software I use to record games (fraps) only lets me record while in a game. A large portion of the time we are talking over Steam, it's while we're not in game, browsing the nets or whatever while in Steam voice chat. We have many humorous conversations while not in game, and I was wondering if anybody has a program where I can record the audio coming from my microphone, as well as the audio coming from the system audio (where my friends voices are emitted from).
TL;DR:
I need software to record my microphone audio and system audio at the same time outside of gaming.
Please help

It will depend upon what game you are playing, but if you are doing something like L4D2 or TF2 I believe it can be done with the in-game system. There's an option or a command in console that is set to 0 by default. Will have to find it, but if you switch it to on it'll record your voice + the voice of your friends.
Other than that Fraps should record everything including your own voice chat. Though you could run audacity in the background while running Fraps so Fraps records your friends + game while audacity records your voice. You can just splice it all in later on, but .wav files can get pretty large if you go on for like 30min. Sony's sound forge might work better, though again i'm not sure about file size.