For easy start with using django-embed-video, you can take a look at example project. It is located in example_project directory in root of repositary.
Install Django and PyYAML:
pip install Django
pip install pyyaml
Create database:
python manage.py syncdb --noinput
Run testing server:
python manage.py runserver
Take a look at http://localhost:8000 . You can log in to administration with username admin and password admin.