Do the following and then bow before my l337 skills.
goto adobe.com and go to the flash exchange. type in digicraft.
get photoflip cs3.
goto youtube and get a users rss feed. copy and past it into a blank xml document so that you have the proper xml structure. Rewrite it to point the links at whatever content you want to display. Plug the url for the new xml document into the component for photoflip cs3.
Drag the swf for document you generated with photoflip cs3 into your custom flv player FLA, and enjoy.