This story has moved from absurd to absurder. And from crazy to a little boring.
Herbert Elwood Gilliland III claims he invented YouTube and wants compensation (he asks alternatively for $1 million or 1% of the sale price, which is significantly more. All the details are here, including a crazy video.
Video blogger iJustine jumped on the bandwagon and created a spoof video making fun of the whole thing. And Gilliland has responded, minus the crazy but plus a whole lot of boring. And now he says he fixed Paypal, too. Videos are below: