Embeding Video In Posts - Help Needed

[jononline]

Can someone recommend what MOD i should use to allow myself and users or just me the admin to embed video in posts?

I tried the BBCODE of [video]value[/video] and that never worked it just shows up like this

[video]<object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://fpdownload.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=7,0,0,0" id="123movie_531310" width="420" height="339"><param name="movie" value="http://www.123video.nl/123video_emb.swf?mediaSrc=531310" /><param name="quality" value="high" /><param name='allowScriptAccess' value='always'/> <param name="allowFullScreen" value="true"></param><embed src="http://www.123video.nl/123video_emb.swf?mediaSrc=531310" quality="high" width="420" height="339" allowfullscreen="true" type="application/x-shockwave-flash" allowscriptaccess="always" pluginspage="http://www.macromedia.com/go/getflashplayer" /></object>[/video]

The forum has BB on, html off

--------------- Added [DATE]1299087973[/DATE] at [TIME]1299087973[/TIME] ---------------

Damn it I even tried just clicking on the video link and putting in

http://www.youtube.com/watch?v=CfzslZ8tFNw

but it just shows as a URL

Do i have to change something on the backend in admincp???