How to embed Youtube videos in PowerPoint 2007

I already wrote an article about how to embed Youtube videos in PowerPoint 2010 presentations. Today I want to show you how this works in PowerPoint 2007. However, for this you need first the developer tools. If you do not have this enabled, you can catch up quickly in this way.
I would like to mention quickly that the screenshots in this manual are from PowerPoint 2010, since I have no PowerPoint 2007 here. The method that I show here, but definitely works well with PowerPoint 2007. So please do not be put off by the screenshots.
Step 1:
Click on the Developer-Tab in the ribbon menu and then on the button with the hammer and wrench. A window opens with a fairly long list of controls, which can be embedded into your PowerPoint presentation. Select from this list the “Shockwave Flash Object” and confirm by clicking the “OK” button.