Google Wave: Embedding videos

After a bit of digging, found how to embed videos in Google Wave.

1. Start a new blip (message) in a wave.
2. Click the "link" button from the toolbar
   
   
   
3. Paste the URL to the video (I tested this with a YouTube url)
4. Click "Insert Link"
5. Once the link is inserted, a yellow lightbulb appears next to the link (Suggestion). Click it.
6. An option appears that says "Embed video". Click it.
7. After a few seconds, the video preview will show.

NOTE: To delete the video from the blip, click the arrow button in the upper right hand corner of the video and choose delete.