Just put the embed code for the youtube video in your app in the html
page (and style and size it however you want).
eg
<object width="200" height="200"><param name="movie" value="
http://www.youtube.com/v/J---aiyznGQ&hl=en&fs=1&
"></param><param name="allowFullScreen" value="true"></param><param
name="allowscriptaccess" value="always"></param><embed src="
http://www.youtube.com/v/J---aiyznGQ&hl=en&fs=1&
" type="application/x-shockwave-flash" allowscriptaccess="always"
allowfullscreen="true" width="200" height="200"></embed></object>
If youtube has a h.264 version available the media player control
should show a Play arrow button.
When the video is done playing it will bring it back to your app.
If you are on OS 3.0, you could use a HTML 5 <video> tag also.
Shaz