Embed Youtube API HTML5 Player in WordPress using iframe and retaining fullscreen button

OBJECTIVE: Use the cool features of Youtube’s API in wordpress

CHALLENGE: embedding youtube directly loses the API features.  Embedding with iframe retains API features but loses the fulscreen button (at least in chrome)

SOLUTION:  Create web page with API;  use the blank parameter allowfullscreen=”” ; optional, set frameborder=”0″

Below is a youtube video with custom buttons that affect the video.  Once buttons can be made then the sky is the limit for creating a wonderfully interactive experience.
Stay tuned and enjoy,
Marcos