KEY POINTS:
Lonelygirl15, OK Go and other YouTube sensations will get an opportunity to walk down a virtual red carpet.
The video-sharing website says it will hold the first YouTube Video Awards for the best-user-created videos of 2006.
The awards will be handed out in seven categories: most creative, most inspirational, best series, best comedy, musician of the year, best commentary and "most adorable video ever".
