I am trying figure out ...I am trying figure out how to wrap text around the JW FLV player? i.e like a embedding a YouTube or Vimeo video ... here is an example page that explains in more detail: http://video.nessworks.com/jw/sample.htm
Any help would be appreciated.

<div id="container" style=" width:300px; height:245px; float:right;"><a href="http://www.macromedia.com/go/getflashplayer">Get flash</a> to see this player.
</div>
maybe you should also update your player (v.3.11) - current version is v.3.16 and plays youtube using the official youtube api
http://www.jeroenwijering.com/?page=wizard&example=6