Saving YouTube Videos
How To Rip Audio from YouTube Videos
Directly from Youtube – The FLV Online Converter at Vixy.net can take Youtube Video URLs and provide you an MP3 audio file of the YouTube video [via].
Extract Audio from FLV files – If the Youtube Video is on your hard-disk as an FLV video file, try the free FLV Extract utility that extracts video and audio from FLV files. The video is saved to .avi and the audio is saved to MP3.
From ahm507.blogspot.com

Comments
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Anonymous
Assalamo Alaikom Ahmad
Jazakum Allah Khairan
The question to ask here is it halal to use this tool or not?
i.e. are Muslims allowed to save Youtube videos without permission from the owner?
Ahmed Hammad
Thank you Tarek,
I have read copyrights help window and found no restriction statements on using third parties tools to save their videos.
Look at:
http://www.google.com/support/youtube/bin/topic.py?topic=10550