Vimeo is becoming quite popular amongs independent film makers, for Vimeo has an exceptionally good quality. But reading their legal text, I stumbled upon this mumbo: 

you hereby grant [...] a worldwide, perpetual, non-exclusive, irrevocable, royalty-free, sublicenseable (through multiple tiers) and transferable license (with a right to create derivative works) to use, copy, transmit or otherwise distribute, perform, publicly perform and display your Submission for any legal purposes whatsoever now known or hereinafter becomes known. 

In other words: While you still own the copyright to the film, you have now given Vimeo and its partnes the right to make new films out of your work. And even if you change your mind and remove the video, Vimeo still has the legal right to use your video. Forever. And it doesn’t stop there. Vimeo can license your film to another company. And that one could again sub-license it. You’ve essentially lost control of your video.

Distraction

Another downside is that your visitors might easily get sucked into watching other videos offered. And suddenly your visitor becomes YouTube’s/Vimeos’ visitor.

Not to forget that those video services also have to make a living, which usually boils down to advertising on your film.

Solution

So what to do? Bite the bullet, spend a few dollars on your own hosting (I can recommend Media Temple) and serve your video from a source your have control over.

Very handy!

And a nice list on how to be creative:

Everyone is born creative; everyone is given a box of crayons in kindergarten