Okay. I looked this up in the forum, and entered /usr/bin/php -q/home/video/public_html/media/cron.php in the cronjob section of the cpanel then visited http://youthtoob.com/media/cron.php where it stated "cronjob started". Does this mean that I did everything correctly and need to just wait for the videos to process?

This is brand new territory for me.