Here is a great new service that I found – FLV Online Converter! The trick it does is convert a YouTube (or similar service) video into a downloadable file in the format of your choice! A screen cap of the conversion process is at right.
Although I’m a strong believer in online services, this is one neat tool that I’ll recommend to people who need an offline version of a YouTube video.
Of course, a prudent person would observe the rights of copyrighted material – right?