The Premium Video App is similar to the File Library and Link Library apps in that you can create a library or list of videos. When the video name is clicked, the video opens in a new page. You can upload your video in any of the common formats (.avi, mov, .m4v, .wmv, .mpr, .3gp) or you can paste the embed code from a third-party site like YouTube, Vimeo, etc. The app detects which device (tablet, computer, mobile) and operating system a person is using and automatically sends them the video best formatted for their device.

The Embed Code App allows you to copy the embed code from a third-party site and easily paste it into this app - without having to go to the HTML code of your page and paste it there. The video (or widget or whatever content you're embedding) will then be displayed. 

This is the fastest and easiest way to insert a link to a video (or Web page) hosted on a third-party site.