What YouTube did for video, YouVersion is trying to do for Bible study and sharing. You can find a brief description of the service here. To partially quote, YouVersion lets you:

• “Read the Bible in multiple versions
• “Star and tag verses and content
• “Associate images, videos, links, and text to verses or series of verses
• “Create an online Bible journal
• “And much, much more”

Click here to visit the YouVersion website.

I haven’t played with it much, but it looks intriguing.