The world’s largest video sharing site YouTube lets you do much more than just watch and share videos. For example, you can view your playback speed statistics against local, national, and international averages, improve playback control by using a number of keyboard shortcuts, repeat a video forever, etc.
Now YouTube is to introduce another cool feature to their video player. Now it is possible to control the playback speed of a video (see screenshot below). You can fast-forward, or slow-down a video just with a click.
This feature is very useful, for example, to skip the unnecessary portions of a lengthy YouTube video clip by increasing the playback speed (2x or 1.5x) or when you are transcribing what is being said in a video by slowing down the playback speed ( ½ or ¼).
Note: This option still to be implemented, so currently, this feature may not be available on all YouTube videos.