Problem with video embedding

Video embeding fails MAJORLY with video tags like this.
[vide o]http://www.youtube.com/watch?v=je7-wkSwF84[/vide o]
(changed spelling by adding a space to prevent tags from activating, for demonstration)

Result when Video tags are used for Youtube videos is:

http://www.youtube.com/watch?v=je7-wkSwF84
Admin, please fix this so I can embed videos here. Thanks in advance.

I think what it does is convert BBCode tags to HTML tags, but for security, OBJECT and EMBED tags are disabled. Of course they are needed to embed videos. The fix you need is to block user entered HTML tags but allow the VIDEO BBCode tag to correctly be converted to OBJECT and EMBED HTML tags.

Video embedding disabled.

Linking to a video isn’t so do that instead.