Mojiti allows users personalize any videos online with annotation in text, audio, or even video on top of the original video!
Here's a demo of it in action (Mojiti: Sony Bravia)
It has certainly taken user-generated content to the next level--it's UGC on top of UGC. Pretty cool!
Related
Mashable: Mojiti Annotates Clips from YouTube, Revver, Google Video
Read / Write Web: Mojiti - China's YouTube 2.0 Adds Annotation To Mix
Looking at the published dates of these articles, it looks like that my radar is not very tuned at the moment but it's better than not knowing about it at all.
Here's a pretty funny spoof video of Microsoft Surface using Mojiti:
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