YES. Yes. Yeeesssss. You should be making Lyric videos.
Why? Because PEOPLE LOVE LYRICS. After searching the actual song, fans will search for your lyrics. People love lyrics. They want to sing a long. Make their lives easy. Make lyric videos.
HOW? Do you have a Mac? Then you probably have enough power to open up iMovie and start hacking away. Check out the three videos below for more inspiration.