This is the advanced example. It uses the jw flv player to create a flash proxy. This basically lets me control the youtube video as if it were a local .f4v file. With this method I can specify any options, autostart, volume, playlists, etc.. But it's rather complex so lets start with 3 other methods to embed YouTube video.

Javascript

How I was able to preload many flash flv and swf files on one of my clients sites that has a lot of online video and relatively small traffic. Their site visitors would usually watch 3-10 videos per visit and so to make the videos load almost instantly on every page I came up with a way to preload the top 10 .flv files and the swf flv player files as soon as the visitor successfully started watching the 1st video. Of course I also setup .htaccess caching on the server so that once they downloaded the files into their cache they would never request them from the server again. I was having fun with this so its pretty funky and uses some really cool combinations of javascript, swf preloader from xml, css classes to help automate it all..

Optimization