Step 7: Step 3: Content!
If you're using a computer as a video source, your possibilities are potentially more infinite. However, if you still feel scraped for content there are various webscraping tools at your disposal, including Yahoo Pipes, Google Mashup Editor or Youtube's own API. Enclosed is a flow chart that explains our approach.
We create our own custom web scrapper at http://OMGimon.TV. We're happy to share our code if you're interested in building something similar or building a webscraper.