So I found a way to use my camcorder as a webcam!
Step 1: What Do You Need?
A Camcorder (Firewire or Analog)
A Firewire Card (For Firewire Camcorder)
A Video Capture Card or TV Tuner (For an Analog Camcorder)
A way to connect the Camcorder to the corresponding cards.
The Eagletron TrackerCam Software.
Go to trackerCamhttp://www.trackercam.com/TCamWeb/download.htm to download it, it is a free download. You need additional hardware to get full use of the software, but for a basic webcam this software is enough.
Step 2: Analog Camcorder Instructions
Setup your camcorder somewhere within the cables reach of the computer, and plug it into your video editing card (mine is an old Pinnacle DC-10+ that I have had for years) or your TV Tuner Card.
Step 3: Install TrackerCam Software
Step 4: Start Sharing You Webcam With Your Friends!
There are other options to this, but I had a webcam and videoediting card lying around not doing anything so it works for me.
One other option is to use your digital camera as a webcam if it supports a webcam function.
There are also many addons to the TrackerCam software that allow you to remotely control the camera, (ie:zoom and pan) or automatically track moving objects, which would be cool if you were operating a sexcam or were paranoid and wanted to use it as a security camera.