We ended up wasting a couple of hours of one night on it, and by the end of it I was totally fed up with the whole idea of putting in a video (and, by extension, YC). We ended up submitting something really lame and shrugging our shoulders about it.
A "one minute unrehearsed video" is an oxymoron IMO.
Our video was about 90 seconds, and we did it in four or five takes, which means we spent way more time agonizing over how to cut down any one of our written answers than we did recording our video. Think of it as talking to a friend rather than "making a movie."
Me and my cofounder did our video Tuesday night. We didn't do any preparing, messed up the first take, took maybe five minutes to get an outline set up, and were happy with what we got in the second take (51 seconds). It certainly wasn't perfect, but life goes on.