You Tube.

You Tube is a new service that allows you to host video clips, tag and share them with the world. It's like Flickr, I suppose, for video.

From the horse's mouth:

What is YouTube?

YouTube is a way to get your videos to the people who matter to you. With YouTube you can:

* Show off your favorite videos to the world
* Blog the videos you take with your digital camera or cell phone
* Securely and privately show videos to your friends and family around the world
* ... and much, much more!

The compression isn't QuickTime-esque, but for quick little clips, it's great for sharing. It's Flash 7 video based so the the interface is easy to use. I didn't notice as much frame stuttering or even buffering as I expected. For a free service, this is definitely one to check out.

This is a pretty dramatic video of two guys who actually drove into Katrina to shoot video.