YouTube Popout Boomkarklet
Drag the following link to your Bookmark Toolbar (or just your bookmarks)
PopOut
Whenever you are at a YouTube video which you want to pop out to it's own window (like Google Reader), click that bookmarklet and there you go!
Code (modified from goodywitch's comment at http://lifehacker.com/5173770/detachvideo-breaks-embedded-video-out-of-your-browser):
javascript:
var embed_code = document.getElementById("embed_code").value; /* get the embed_code from the YouTube page */
var re = new RegExp("height=\"[0-9]+\"", "g");
embed_code = embed_code.replace(re, "height=\"100%\""); /* replace height=435 (or whatever number) with height=100% */
var re = new RegExp("width=\"[0-9]+\"", "g");
embed_code = embed_code.replace(re, "width=\"100%\""); /* make it width=100% */
newWindow = window.open("", "myWindow", "status = 1, height = 354, width = 435, resizable = 0" ); /* open up a new window */
newWindow.document.write(embed_code); /* and paste the modified embed_code in there */