youtube colorbox

<?php if ( $video = get_post_meta( $post->ID, 'cf_video', true ) ) { ?>
    <?php
    $parse = parse_url( $video );

    if ( $parse ) {
        parse_str( $parse['query'], $video );
        if ( $video['v'] ) {
            ?>
            <div class="video" style="background: #9fbe4b"><a class="youtube" href="http://www.youtube.com/embed/<?php echo $video['v']; ?>?&wmode=transparent">Video</a></div>
            <?php
        }
    }
}
?>
<script type="text/javascript">
jQuery(document).ready(function($) {
    $(".youtube").colorbox({ iframe:true, innerWidth:425, innerHeight:344 });
});
</script>