The next generation of online video has arrived, people -- and it goes by the name of Veeple.

Veeple offers “VaaS” (Video as a Service), offering web publishers with a software tool that makes anything within a video clickable. Website publishers essentially can add in-stream text, web page links, graphics, product images and thought bubbles to enhance and monetize videos in an engaging, yet non-intrusive manner.

With Veeple, any video can be edited for interactivity. Enriching video content in this manner will be most interesting to marketers and affiliates as they will be able to embed links and send users directly to whatever site they choose.

Veeple’s Flash-based technology looks simple to use and includes advanced analytics to monitor interactive spots, ad placements and viewer behaviors. VaaS service is free to try through March 2009. Veeple users will be paying 0.002 cents per view thereafter.

Here's a clip from Wayne's World using Veeple. Within the "product placement" scene, the Doritos bag was hyperlinked to Doritos.com.
See it live in the Veeple showroom.