Veotag allows you to append notes to video and audio clips. Tags are directly linked to specific portions of video.
Users can set up a veotag menu which describes sections or chapters of a video or audio clip. Veotagging is ideal for recorded lectures, educational broadcasts, and even movies; veotags allow audiences to quickly scan the contents of a film and jump to the parts that interest them most—after all, attention spans are generally known for their brevity; longer content is harder to digest, however with Veotag, viewers can watch portions of say a three hour seminar, without having to sit through the whole ordeal. This is certainly a good thing, as you´ll be able to retain an audience better if they already know what to expect, and if they can choose what they want to see as opposed to having to wait, getting bored all the while, eventually clicking to something more entertaining. Veotags are conveniently displayed to the right of the video; they can be expanded and collapsed, and each veotag is highlighted as the associated section plays. Browse the Veotag library for examples.
Veotag.com In Their Own Words
“veotag is an exciting new service that lets you display clickable text, called “veotags,” within an audio or video file.
Why Veotag.com It Might Be A Killer
This is a great tool for lectures and longer videos; students could use it to get to the better parts of a lecture, and businesses could use it for instructional purposes, training etc. It breaks down a video/audio file into comprehensible parts. Plus it´s easy to implement.
Some Questions About Veotag.com
Veotag is useful, however users are only able to tag videos using the Veotag media player. Veotags cannot be exported. Why would the casual Youtube viewer want to check out Veotag in the first place? It would be far more useful if comments could be added in real time, or if Veotag could be used with other media. 
