1. A method for processing pixels within an encoded video stream, the method comprising: acquiring on a chip, a prediction weight type from the encoded video stream; acquiring on said chip, prediction weight data for at least one prediction pixel within the encoded video stream based on said acquired prediction weight type; generating on said chip, at least one look-up table entry in a look-up table for said at least one prediction pixel utilizing said acquired prediction weight data; and estimating on said chip, at least a portion of a plurality of current pixels within the encoded video stream utilizing said generated at least one look-up table entry.