[VikingCoder]

Yes, you did imply that you'd be able to copy the content how you like, when you said,

"It's my own right to save those packets(without re-distributing) them and watch them in any form I like."

YouTube lets you rent movies for 48 hours.

You download a movie. You then claimed you can watch the movie in any form you like. Such as, later than the 48 hours.

[NMDaniel]

Sorry, I wasn't aware that YouTube lets you rent movies, I was mostly speaking about normal clips that anyone can watch for free.