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My computer and internet speed are fast but videos streamed online lag

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as a lot will depend on the server from which the video is being sent, possible misconfiguration, or more likely more users than the site accounted on. YouTube videos are notorious for this. Sometimes just using a different playback application may help, not sure what you're using, but if using say Windows Media, might try something like VLC.
Try the steps robo outlined above, then maybe try a different playback application.