[F8]Load External Video into my MovieClip

I was trying hard to find out a way (if at all there is). i have tried all funny stuffs, and some time spent head drilling time on this but no positive results yet, I want to load videos from external internet links into my empty Movie clip.
example, if ther is a video named "abcd.mpeg" in a particular website then i want that particulay video to get loaded inside my movieclip. i do not want that site to open just by means of providing URL. i wil make it clear.. say i have a button in my stage and when i click on that button, i need a vidio file(it can be in flv format no probs) to get loaded inside this empty movie clip. similarly ther are "N" number of buttons each can open its own Video from the respective internet location that contains the respective Video file..... can some one show light on this?

I think its something like

Actionscript Code:

loadMovie("myExternalMovie.mpeg", MovieClipContainerID);

But i dont know if flash accepts .MPEG.