How to Play Youtube video in Flash AS2 file

I am trying to play a Youtube video in a Flash SWF.
I have a button (video_btn) and a black rectangle movie clip (480 x 365) named video_mc.
The AS2 I have for video_btn is:


This does not seem to be working locally. I did try uploading a test swf to a free swf hosting website but it still does not play the Youtube video. Any suggestions as to what I am doing wrong and how to fix it? (Unless Youtube only accepts AS3?).