Rejoice, exhibitionists of the world, for TweetReel for iPhone will allow you to record videos at 640x480 pixels and tweet them. At last, your drunken thoughts and sexual mishaps available to your 26 followers in full high-res detail.
It's pretty easy: Download Tweet Reel to your iPhone 3GS, open it, make a video, write a tweet and share with the world using TweetReel.com, much like you do know with pictures and services like yfrog. Perpetual 480p personal embarrassment is only $4 away. [iTunes App Store]