Go to http://www.youtube.com/custom_player
Create a player
Get the embed code
Edit your page
Click the HTML button
Insert the embed code
Save the page
Create a player
Get the embed code
Edit your page
Click the HTML button
Insert the embed code
Save the page
Apparently YouTube has removed the custom player feature. This is from a posting on the Youtube forum:
"We have discontinued support for the creation of new custom players. Existing players will continue to function."