Developed for my 2nd year flash class, this streaming media player has every feature I could possibly think of.
Equalizer, volume control (the dial), pause/play/stop (of course), mute, replay and track time. The songs stream from an easily editable file on the server, so they can be changed up in just a few clicks.
This code is very flexible, and could be used for a video player, or even to create flash-based web sites that are editable by anyone.