video embed javascript

Hi guys. I'm a newbie at this, so please help me or redirect me to any tutorial about posting video on my forum.

I have:

<script type="text/javascript" src="http://www.ilive.to/embed/23637&width=480&height=360&autoplay=true"></script>

What should I do next to make it visible in my topics or in the home page?

Any help much appreciated!

copy and paste in General-Homepage-Generalities
or
you can make it a

widget:

1. Make a new widget
2. Widget Name: Video Embed
3. Use a table type : No
4. Widget title: Leave Blank
5. Widget Source: put your code here
6. Save and add your widget

Thank you