YouTube recently added Closed Caption (CC) translation for any video on their site by enabling Google Translate right into their video player. This means you can now display CC subtitles for any of the 57 languages supported in their service. This is a great add-on feature for students and faculty in the foreing language arena. I tried the Dutch, German, Italian and Spanish languages and I must say its not perfect but then again this is the first iteration of this feature. I am sure it will get better over time. Please watch this video for a demonstration;