While there are a few companies that have developed a video ringtone app for the iPhone, like iFonetec, Apple thinks that they could do a little better. In a recently discovered Apple patent, we see that Apple is exploring ways of delivering a means for creating video ringtones for telephonic iOS devices. The feature will supposedly alow you to utilize videos from iTunes, iMovie, or even an old DVD or Tivo video that you have hanging around. Apple's patent presents us with many interesting, if not cool twists, to the idea of video ringtones. And knowing Apple, they're likely to deliver something worth using.