Log onto YouTube, find the video you want and then, below the video, click on "Share" ...

You will automatically have a highlighted link appear, which you can copy and paste into your post if all you want to do is link a word or phrase with the external link out from your post to the video on Youtube.

But that isn't what we are doing in this tutorial, we want to have the video be hosted, and played, right on our site. For that, we need to have the html embed code, which you get by clicking on "Embed" (see same image above), which will then give you the highlighted code as follows:

Now simply copy the code, go back to your post, and paste it in the desired place, like this:

Done! Now on the next page we will view how the video looks on the page, and i will show you how to resize it if you want to.