How can i embed video/audio files?

You can embed audio files easily by using [coolplayer] TAG.Suppose you want to add a audio file http://xyz.com/test.mp3 then you can use following syntax:

[coolplayer]
http://xyz.com/test.mp3
[/coolplayer]

you can display multiple files in different formats.
[coolplayer]
http://xyz.com/test1.mp3
http://abc.com/test2.wav
http://efgh.com/test3.rm
[/coolplayer]

if you would like to display the song name then use following syntax:
[coolplayer]
Song Name Here
[/coolplayer]

similerly you can upload YouTube,Google,MetaCafe or Other videos using this format:
[coolplayer]
http://youtube.com/watch?v=EtOoQFa5ug8
[/coolplayer]