YouTube is used in many and varied ways, as we see on a daily basis here on WebTVHub, but one of the best things on the site are the various competitions that take place.

This video details one such contest, which sees Peterson’s, a site intended to help make college students lives a little easier, offering a $5,000 scholarship to the person who can answer one question in the most interesting way.

The question is: What makes U special? and all it takes for you to be in with a chance of winning the $5,000 is to film your response and then secure the most YouTube page views before the closing date of August 31st, 2008.

The details of the contest can be seen here, or you can go directly to the site’s YouTube channel to upload and enter for yourself. Good luck!