mrdoob/three.js — pull request #3797 by sgaurav (2013-08-23 03:35:43+00:00)
Title: Updated Texture image description for using video as a texture.

Line 33 says that you can directly use a video(.mp4, ogg/ogv) as a texture. However after much of trial and error, I believe only way to make video work is by placing a html5 video element and continuously updating texture based on video frames.

Made change in documentation to reflect this information.