If you have saved Youtube videos from any online service or you have ripped the video part of Youtube then most probably the file extension in which the video was saved is FLV. These FLV videos aren’t normally supported by winamp, windows media player until you have plugins and codecs installed.
There are online tools that actually converts flv to avi, mp4 format but if you have .FLV format videos that are already on your desktop then instead of converting them to other formats, you can play them using flv players. One of the player I would recommend is SM Player which I have been using for almost more than a year now.
SM player is one of the recommend player which play youtube videos i.e, flv format videos as well as Mp3 or other video format without consuming much space. It’s simple, light and effectively plays MKV, VOB format videos too. So this is an added advantage considering the product is completely free to use under GPL license. Download SM Player
If you don’t want to download such flv players then install k-lite codec pack, once you have this codec – you don’t have to download any flv player or purchase anything. K-lite is free and very useful for playing almost all standard video and audio format.