Monetizing any site is easy once you understand the traffic picture.
Look at your awstats or mybloglog logs. see where the traffic is coming from.
You can focus on those or open up new traffic sources.
Going by the video content, it looks like the audience might be males aged 13 to 25?
I agree that CPA or aff mktg would give a higher return, esp if you had offers that catered to that market.
the ipod offers would be good. electronics, software, computers.ebay auction system should be decent too.
or something related to that market.
If it were my site, I'd go with CPA offers that start at min of $5/lead and ideally at $10-20 range.
Even at optimistic $0.50 per adsense CTR, i think it'd be too much effort for too low a return.
The other thing is you could go to amazon and look for gadget type stuff that your audience might like. prob in the $20-50 range (more for the 18-25 year olds). things like motorola walkie talkies, LED torches, thumb drives, that kinda thing.