Abstract: This paper presents the $\textbf{S}$emantic-a$\textbf{W}$ar$\textbf{E}$ spatial-t$\textbf{E}$mporal $\textbf{T}$okenizer (SweetTok), a novel video tokenizer to overcome the limitations in current video tokenization methods for compacted yet effective discretization. Unlike previous approaches that process flattened local visual patches via direct discretization or adaptive query tokenization, SweetTok proposes a decoupling framework, compressing visual inputs through distinct spatial and temporal queries via $\textbf{D}$ecoupled $\textbf{Q}$uery $\textbf{A}$uto$\textbf{E}$ncoder (DQAE). This design allows SweetTok to efficiently compress video token count while achieving better fidelity by capturing essential information across spatial and temporal dimensions. Furthermore, we design a $\textbf{M}$otion-enhanced $\textbf{L}$anguage $\textbf{C}$odebook (MLC) tailored for spatial and temporal compression to address the differences in semantic representation between appearance and motion information.SweetTok significantly improves video reconstruction results by $\textbf{42.8}$\% w.r.t rFVD on UCF-101 dataset.With a better token compression strategy, it also boost downstream video generation results by $\textbf{15.1}$\% w.r.t gFVD.Additionally, the compressed decoupled tokens are imbued with semantic information, enabling few-shot recognition capabilities powered by LLMs in downstream applications.