I can think of a few ways that I could utilize SpeakerText. The site allows you to watch videos from YouTube and easily find what they're saying within the video, since it gives you a transcribed copy as you're watching it. Let's say you're checking out one of the recent keynote speeches from CES on YouTube and want to grab a quote. Easy, peasy.
Just play the video and pause at the moment you want, or find the words within SpeakerText that you need. You can use the SpeakerText transcription to move backward and forward in the video and even highlight the words in SpeakerText, copy, then paste them in your blog. The hyperlink will then take your readers right to that moment in the referenced video. It's a cinch to use and is really great for bloggers, teachers, students, or anyone who has a hard time hearing what folks are saying!