Netflix is easily one of the best iPad applications available to date. Unfortunately, however, it’s not available for the iPhone. That is until this weekend when a ModMyi reader showed the world it is possible to run the app on a jailbroken iPhone. Getting the app loaded up is surprisingly simple. In fact, all you really need to do is extract and make minor changes to the Netflix .app file, borrow the iPad’s MediaPlayer.framework folder, change a few permissions and you’re pretty much good to go. If you’re planning on trying this out thinking it’ll be all rainbows and kittens, we should warn you that there are a few drawbacks. In particular, battery life is said to suffer horribly and the app takes a while to load and buffer videos, and it is prone to crashing if you race through the catalog too fast. But if you’re feeling adventurous this long weekend, why not give it a try?