Hi everyone,
I've never thought to share it until now. There is a free software that you can download to convert files to any of the formats that enables you to play them as a video or convert videos to mp3 formats.
With the use of Format Factory, I can download clips and convert them to MP3 and then I can store them easily on Itunes especially if I don't want film clips. I store video files on a USB stick and use it on the TV for my little one as well. Storing it on a hard drive or USB enables you to easily take it to others places and can easily convert to a PSP (if you have one) and can let your kids watch short clips or listen to their favourite songs in the car etc. I don't burn onto a CD, I find they get damaged very easily.
For those who are not aware of how to download off youtube, here is a free software, to enable it:
http://youtubedownload.altervista.org/For Format Factory
http://www.formatoz.com/ If anyone has any problems understanding either one, feel free to PM me
Cheers