How to Embed YouTube Vids into Posts

[Modus]

Is it possible?

[youtube]<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/aKLGLYB8e9M&color1=0xb1b1b1&color2=0xcfcfcf&hl=en_ US&feature=player_detailpage&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/v/aKLGLYB8e9M&color1=0xb1b1b1&color2=0xcfcfcf&hl=en_ US&feature=player_detailpage&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="385"></embed></object>[/youtube]

I see that html is disabled, understandably, any way to bypass?