I have the Viper’s Video Quicktags plugin installed, and found a working solution based on the Flash video tag (even have the thumbnail image working):
I added a video in a post using the Flash video tag, then looked at the source of the resulting HTML, noticing there was a “span” section:
<div><span class="vvqbox vvqflv" style="width:320px;height:240px;"><span id="{{permalink}}"><a href="http://path2player/player.swf?file={{permalink}}">{{permalink}}</a></span></span>
Notice in the span code above, the div tag at the beginning, for this whole solution, plus you’d need to make sure the path for the Flash player is correct for you. There the {{permalink}} is specified in two locations.
Then also there was the javascript code section:
<script type="text/javascript">
swfobject.embedSWF("http://path2player/player.swf", "{{permalink}}", "320", "240", "10", vvqexpressinstall, { "wmode": "transparent", "allowfullscreen": "true", "allowscriptaccess": "always", "file": "{{permalink}}", "volume": "80", "bufferlength": "15", "image": "{{data['child']['http://search.yahoo.com/mrss/']['thumbnail']['0']['attribs']['']['url']}}" }, vvqparams, vvqattributes);
</script>
</div>
Notice in the above the path to the Flash player has to be correct for you, the HungryFeed code for the permalink in two locations, and also the code to specify the thumbnail image (in my case, I am getting it from the RSS feed). Finally, the closing div tag for the two sections is at the end.
Hope this helps somebody else, cuz it sure took me long enough to figure it out!