YouTube: Still a Time Waster, Still Fun

YouTube gets a facelift as the company tries to rid the page of cluttter.
It started with a video which had the line, "It's really cool." In retrospect, that first video was pretty lame. But at 8:27 p.m. on April 23, 2005, YouTube's cofounder took just 19 seconds to start a worldwide sensation, reports CBS News correspondent Ben Tracy.

You can find just about anything on YouTube. Some of it can be a little trashy, but sometimes it's charming. From sneezing pandas, to dancing babies, to very capable cats, this is how many of us now spend and waste our time.

And who can forget the Obama girl?

YouTube claims that half of all 18-to-55-year-olds visit the site at least once a week.

Every minute of every day users upload 24 hours of new material to the site, and those videos are such a draw that more than 96 million people visit the site every month. That's why Google bought YouTube in 2006 for more than $1.6 billion.

Now the same site that helped discover teen sensation Justin Bieber and spread Susan Boyle's dream is also a portal for free speech. Protesters in Iran used it to get out their reform message and Americans fed up with banks and airlines use it to vent.

YouTube is also changing broadcasting, advertising and what it takes to be famous.

"It's offered the seductive promise to the Facebook generation that anyone with a webcam can become a star," says new media personality Julia Allison. "No agent, no manager, no lawyer needed. All you need to do is bare your soul and upload it."

And so many do. With nearly 200 million views, the most popular video on YouTube right now is Lady Gaga's "Bad Romance", but the love affair with the site itself only seems to be growing stronger.