http://www.youtube.com/watch?v=IBAUacDVwJo
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You need to use the video tag in your post like this:
Cheers, I take it that's just the standard URL in the tags. I'm sure I tried that....
The tag you originally used contained a youtu.be URL and the BBcode doesn't recognise it. Always best to use the full URL copied from the address bar after you've opened the link.
Looks cool :)