Released yesterday for free in the App Store, Showyou is a new universal app aimed at letting you discover videos shared by your friends on Twitter and Facebook, and share these findings yourself in your social graph. Unlike Squrl – which we reviewed yesterday as well – Showyou isn’t a service meant for curating videos in collections and grab them from a web browser through a bookmarklet: rather, it’s a very simple app that wants to offer a better way to browse videos found on Twitter and Facebook with the “Showyou Grid” – a 2D video wall that you can pan horizontally and vertically, very similar to what we’ve already seen in the Aweditorium iPad app.

Once logged in with Twitter or Facebook, Showyou will find friends that are already using the app and it gives you the option to “follow them”. The more people you follow, the more videos you get and the more populated the Grid becomes. By default it shows nearly 1,000 videos – many of those collected from Showyou’s system, so it really depends on how many people you start following and how much content they decide to share publicly. But there’s no doubt Showyou works best the moment you start following people and engaging with the service itself, as it also showcases “featured users” the developers recommend you follow to get interesting videos. The video wall was quite responsive yesterday when I first installed the app, but I’m noticing some slow loading times today – presumably a lot of people gave Showyou a try (again, it’s free) and the servers are getting hammered under heavy traffic. When videos load, however, not only you get a beautiful presentation with big thumbnails and an elegant Futura font – you can tap on each video to view it in a bigger popup window overlaying the main grid, share it or leave a comment. You can also tell a user you liked a video he shared by “thanking” him. If you don’t like the Grid view, you can switch to a cleaner list that shows you videos one after the other.

Overall, Showyou it’s a really simple app that gets one thing done extremely well: collecting videos shared by your friends. It’s not as full-featured as Squrl when it comes to exploring the Internet hunting for cool videos to curate (I mean, they’re two deeply different products), but if you’re looking for an easy way to see what your friends are watching you should take Showyou for a spin.