Possible, yes. All content in a PDF exists within a display stack, and active Flash or 3D always bubbles to the top of the stack, no matter where the annotation itself was located. Only certain types of content can 'win' the fight for top position, such as a fixed-position watermark layer - and you can't create those in InDesign, it has to be done afterwards in Acrobat.
What if the InDesign file was layered with the text or graphic on the top layer?
Also, there is a button or option you can select to Create PDF layers when you export from ID.
Would either of these ideas work?
No. A video will always go to the top.
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Ok guys Thanks. Appreciate the backup.
As a temporary fix, I enlarged my document size to allow the FLV to come in
with room underneath it. Then I placed my text under it (avoiding the FLV file).
This allowed me to have copy underneath the video to at least simulate what
is being said on screen while the video is moving.