youtube-dl -U
With the newer version you can either download the videos or retrieve the links and stream them through a player like Mplayer (see Some Cross Platform Flash Alternatives). Both methods work.
*On the download page, if you don't have curl or wget, you can just click the download link at the top and then move it to your /usr/local/bin before running the chmod command. It can also be installed with Tigerbrew or Macports.
Thanks for the link to youtube-dl -- it's really cool!
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