UPDATE: Youtube has fixed this. Go back to watching your Lady GaGa.
It's been terribly hacked by a comments script. Fingers are pointing at 4chan.
Youtube has started to address it by going into safety mode and disabling the comments but I heard you can have cookies stolen and people who are running IE or Opera can have their system32 folder deleted.
One of my videos was hacked and a lot of popular videos redirect you to illegal and violent pornography so I would recommend staying away and if you have been to Youtube since this morning make sure you log out to close your session and render your cookies useless to hackers.
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