Find the video you would like to copy. Once you've found the video, click "Settings:"
In the Settings, click "Manage:"
Scroll down to the "Copy video" area. Panopto will automatically add "(copy)" to the end of the video name: you can delete that. Choose the folder location where you would like to "Copy video to" in the dropdown.
Once you have the title set and have selected the folder location for copying, click "Create Full Copy:"
DO NOT create a reference copy as this will direct users back to the origin folder, which they may not have access to view.
After you've clicked "Create Full Copy," Panopto will immediately make the copy. You can then visit the course folder where you made the copy and find your video.