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I suggest to go Agile by short sprints

ver. 1.0 closed release date: october, 11 2010

• fb application, retrieve all youtube videos from news feed and shows them one after another
• no layout, just video and information above and below
• shows above the video - profile pic of the user who's news feed we use to create a playlist
• playlist goes to eternity in the past
• shows below the video: controls, who shared this video, what time ago a person shared it, time remaining
• iframe = fullscreen?
• transparent .gif logo

ver. 2.0 open release date:

• animated transparent .gif logo above black background between videos, while downloading
• designed controls and information below the video

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Possible domains:

• daizy.tv + daizytv.com