Shyam Pillai has provided a free wizard to imbed YouTube clips into a PowerPoint Presentation
"Use this to insert YouTube videos into a PowerPoint slide. All you need to do is to provide the YouTube video URL that appears in the browser address bar, the rest is taken care of by the YTV Wizard.
Note: YouTube videos are streamed so a live internet connection is required to playback the video during the slideshow. Use the free FlashBack add-in to play/rewind the YouTube video automatically."
YouTube Video Wizard
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