YouTube is painfully slow on iPhone 4S, what can I do?

I watch YouTube videos on the YouTube app often on my brand new iPhone 4S. Once I upgraded from a 3GS to my 4s, I thought YouTube and Internet would become faster. Internet speed is the same, but YouTube is much much much slower! Videos take forever to begin, and buffer at least 5 times throughout the video, and each buffer takes up to a minute or two. It's getting very annoying, what can I do?

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To achieve the goal of playing YouTube files on iPhone 4s and iOS 6 iPhone/iPad in two easy ways:
YouTube App and YouTube Converter

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