I write this blog almost exclusively in RestructuredText and I recently wanted to embed a youtube video on the Baby Tux project page. Fortunately someone's already done the work of making a directive, so you can just save the code here to youtube_rst.py and put
import youtube_rst
in the __init__.py of your django project. Using the directive is dead simple:
.. youtube:: 9ZWyv9icIfI
Cheers.