If you haven't noticed yet, Flickr rolled out their video functionality on Monday and it's flickrliscious.
You can now upload and share your videos on Flickr in much the same way you share your photos. This makes total sense since "slices of life" aren't always captured in a single photo, and because just about everyone has a digital camera these days — and video is becoming far more ubiquitous than it was years ago.
Your videos can be an AVI, MPEG or MOV format and they are limited to 90 seconds and/or a maximum file size of 150 Mb. So far, you can add comments to the videos, captions, geotags, and set privacy restrictions. The Flickr blog also mentions the ability to add "video" as a content type and additional moderation "safety levels" to your pool contributions. Here's the Flickr video FAQ with all the basic info in case you still have questions.
But wait, there's more...
At the end of Heather's post, she mentions that "...we’re doubling the size of photos that can be uploaded — 20MB per photo for pro members and 10MB per photo for members with free accounts" which is great for those folks with mondo mega-pixel cameras. If you haven't "gone Pro" then you really ought to and I strongly recommend it (It's still just US$24 bucks per year)!
Here's more info...
» Flickr Help: Free Accounts, Upgrading & Gifts