It's MUCH BETTER than television and provides a way to experience "media" without everything being controlled by "Them" (i.e. government, big business, and Rupert Murdoch.)
Let's face it, television is mostly abject propaganda, and YouTube is a way for real people to talk about things that matter, not what The Corporation want you to watch. Also of course you can watch fights, car crashes, and people doing stupid things, comedy animals, rants, documentaries about 9/11 being an inside job, etc etc, and indeed etc.
The big mystery of YouTube is - how come there isnt any Porn on it? Surely they can't watch everything that's uploaded? It's a mystery and I want answers! Luckilyu there is also such a thing as pornotube.
Sean Bedlam is pretty amusing too sometimes.