Created by a Russian school boy, Chatroulette connects millions of strangers in random video conversations.
The web app itself is pretty bare-bones, with two video panes showing the user & you, a huge pane for text chat and a couple of buttons for controlling the chat.
A good description of the process is in the above linked article.
Claire and Mitchell enlist each other's help in trying to spare their significant others from embarrassment - Cameron from his unfortunate wardrobe choices, and Phil from his joke-ridden speech for the realtors' banquet.
Unlike other services, the user on the other end has to accept your chat request to begin the conversation.
One cool feature of this web app is that people who are available for a random chat are presented in 3D bubbles with their profiles.
We would love to hear what you think about this concept of random video chatting and juicy encounters with crazy strangers (if any) in the comments section.
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Being in the same domain, they have launched Tinychat Next which works the same way as Chatroulette.
The user interface is a bit more refined and you need to have flash installed to even see how the UI looks like.