Replying to Very first edit

I got a GoPro Helmet Hero HD for my birthday today :DD so I went out to my friends tramp and shot some stuff. I also got adobe premiere 8, so I got to editing. After about two hours, this is what I came up with. Keep in mind, I have never even touched any sort of editing software, let alone a video camera. So let me know what you think. All tips will be very, very appreciated and will result in the plusage of karma. Thanks a ton NS.

(It's still being processed on youtube, and thats why the quality is pretty bad).

http://www.youtube.com/watch?v=KLNWRdcpTMY