Is there anyway possible to insert a clickable hyperlink in any existing YouTube ( or any video directory) video

THEN,

download it to my hardrive

THEN

distribute it to the video directories ( ala hey!spread, TrafficGyser, VideoPostRobot, etc) websites?

I know I can insert the clickable hyperlink using Bubbleply.com's website, but I don't think you can then distribute that edited video to the video directories, or is it possible and I JUST don't know how?

BubblePly just gives you the option to 1) IMbed in my website or 2) send in an email BUT they don't say if you can actually distribute it to the 30 or so video directories.

Can someone please help?