My friend Siege blogged this YouTube find and explained it like this:

On a hotel bed, Steven Spielberg talks to Andy Warhol and Bianca Jagger about TV static ghosts, picking up radio stations on his teeth, and swallowing the future.

Spielberg confesses *swallowing* a transistor after his father presented it to him, and said "son, this is the future" -- it was the young boy's first hands-on experience with technology. Or, perhaps better stated, his first technology-in-gullet experience.

My Friends Andy, Steve and Bianca Just Hanging Out (YouTube, uploaded by user michaeljamespinto, read his blog entry about the clip here. )

Update: BB commenter DHC says, "It's worth noting that his is an outtake from a TV show that Warhol developed and aired on Manhattan cable. You can get more of the story here."