Unable to watch online clips or videos that uses Adobe Macromedia Flash Player

Problem:

When you try to watch online videos in Youtube/MySpace/Facebook/Friendster and other online sites that uses Macromedia Flash Player, you are being prompted to install the latest version of Flash Player. You installed the latest version but still facing the same problem.

Solution:

Download and run the Adobe Macromedia Flash Player uninstaller.
http://download.macromedia.com/pub/flashplayer/current/uninstall_flash_player.exe

Run the file to uninstall the flash player.
(Note: You may have to reboot to clear all uninstalled Flash Player ActiveX control files)

Download and install the latest version:
http://get.adobe.com/flashplayer/?promoid=BUIGP

What went wrong?

Flash player components were corrupted.

*To download other version of uninstaller, please go to this site:
http://kb2.adobe.com/cps/141/tn_14157.html