Ok so this took me about 2 hours to work out and it would have been easier to make them myself but its a 20 minute song and I cba. So I thought I'd share how to do if if anyone's interested (also hope it's in the right place). 

 

It's actually quite easy once you know how.

 

1. Download google2SRT and install it

2. Open it

3. put the video link in  and click read

4. Select the bottom one (one with no track name, although if you see xml data once you've imported try the other one)

5. Click go

6. Import into eof

7. Break it up into words using the word split function (Shift + S)

8. Done?

 

Have fun.

That's actually a really nice idea (if the caption are good in the first place).