Quick search turned up bubkis on anything similar to this except something quite like this but for vB 3.5.X . the codes were ALL made by me i DIDNT copy/leech of anyone elses codes
Why use this?
No template or file edits requiered. its as simple as adding a BBCODE
Installation:
Step1:
Goto AdminCP => Custom BBCodes => Manage BBCodes => Add new BBCODE
Step 2:
Title:
YouTube BB Code
tag:
yt {can be youtube or w/e but yt is shorter =p}
replacement:
You must first be a
registered member to view any code.
Example:
[yt=video name]ejOJkcs-a7s[/yt]
Discription:
YouTube embeded videos
Use {option}
yes
Button Immage:

Screenshot attached ;]
Live Demo:
Integrated Youtube BBCodes - Testing
If there has been a previous release for this kinda thing sorry for the double post
If you like this mod, please click install
UPDATE IN CODES:
When a user clicks on the hyperlinked name, they will be taken to the page on youtube this was posted on and not a huge enlarged version of the video