git clone https://github.com/rsodre/VLCSyphon.git
cd VLCSyphon/
git checkout Syphon
cd build
./make_syphon
Output:
make: *** No rule to make target `/Users/Roger/Dev/XCode/vlc/extras/package/macosx/../../../Makefile.am', needed by `/Users/Roger/Dev/XCode/vlc/extras/package/macosx/../../../Makefile.in'. Stop.
I advise you to find the hardcoded path and change for your location, as I don't have intention of touching this project too soon.
Or better yet, set it as relative path ans send a pull request.
Output: