Hey Guys! I'm an intermediate player who's a little bit lost and doesn't know what to learn next.
Basically, what I know when it comes down to playing electric guitar are:

-All The Notes On The Neck (Octaves)
-Barre Chords (CAGED System)
-Power Chords (Palm Muting)
-Triad Chords (Not familiar with all shapes but understand how it works)
-Some Finger Exercises (Building finger speed & power)
-Playing With Metronome. (Building skill on timing)
-Techniques (Minimum Movement;String Bending;Rolling;Vibrato;etc)
-The Major Scale (All Five Positions)
-Minor&Major Pentatonic Scale (All Five Positions)
-Improvisation With Backing Track Using Different Licks (But not so creative)

I think that's pretty much it, of course I still have A LOT more to learn, but I just thought it would be helpful if someone who have been through this road could give me a direction on what to learn next. Perhaps sharing your effective steps on learning guitar from experience. Recently, I don't know what to learn, so I decided to learn some new songs I personally love that are at my level, like "Tears In Heaven" by Eric Clapton, which is a great song, not too hard and not too easy and it suits my level & taste in music. Or "Hotel California" by The Eagles including the solo. Those songs are a bit challenging for me at different points, which is great for improvement. Anyways, my point is:

1) Looking at what I know, do you guys have any suggestions on the next step I could take? or in other words, what should I learn next?
2) Looking at where I am, do you guys have any suggestions on "songs" that would be at my level and requires some guitar techniques that I could learn from or build up while learning the song?
(BTW: I do know how to read TAB but personally I prefer learning from videos like how I learned Tears In Heaven by watching Justin's tutorial on youtube (http://www.youtube.com/watch?v=9yC8W_DGwcU), great lesson, very effective. So if the song you guys are suggesting got a video tutorial, or knows a guy who offers great song lesson on internet (I know Justin and Marty on youtube. Both are great teacher), feel free to share the link as well.)
3) Any other website that offers decent guitar lesson other than http://www.justinguitar.com/index.php?
4) I can put in some time to read tab and be able to play a song, but kinda want to learn to play by ear. Meaning I got a friend who's able to hear a song and know what key it's in or even play melody that's similar to the song without anyone teaching or reading music. I wonder what it takes to get this skill?

It would be best and very helpful if you guys could not only say "what" but also explains "how" XD thanks!!
ps. I DO have a band to jam with in school and also in church.
I must say it's a lot of fun and you could really learn a lot from each other!

ALSO. I just bought a new guitar recently and the playability is incredible, much much better than my last guitar. Since then, I practice almost the whole day during weekend and if not almost right away after school till time to sleep. I'm really putting in a lot of time to practice, and it's something I love doing and enjoy. Right now it's just the matter of taking the right step for the most effective way to improve. So it would be great if you guys to help me out. cheers^^

That's All Guys. Any Reply Will Be Highly Appreciated. THANK YOU =D

If you know all of that and can actually turn it into music youre doing pretty well! I would say too much theory makes Jack a dull boy. Try getting a loop pedal, record some chord sequences and then jam over the top but try to build some of that theory into what you do. Stay away from stuff you find too comfortable.

__________________
Used Guitars And Friendly Guitar Forum

Just copy other people's riffs and technique until you find your own groove. There are tons of tutorials on YouTube. Just play dude and play with people that are better than you.don't over think it.

__________________
Stage Guitars: '80s Thin line LP Custom, '70 LP Standard, '83 Squier Black Headstock Strat w/ Dan Torres pickups, '59 Black Danelectro DC, sometimes others.

Pedal Board: Nady UHF 10 -> TU2 -> Rocktron Big Crush -> 70s MXR Phase 100 -> Cry Baby -> Bad Monkey -> Early '80s Rat -> Early '80s Ibanez CS 9 -> Ibanez DE 7 -> Behringer Dr 100 Stereo Reverb

Stage amps: '63 Blonde Tremolux w/ two original 2X10 cabinets with a '60 Ampeg Rocket/18 watt VTB Marshall clone/ Epi VJ into a Mashall 1965A

Spend time of riff/songwriting.

Join a band. Nothing helps your playing more then the pressure of performing with others. And you quickly learn what does and doesn't work. it can also force you to break out of your boxes. The flip side is you create new boxes which is why riff/songwriting is so important. That is where you learn to break down your boxes and really work on your own thing.

__________________
No one has to be alright all of the time.

I agree with everything said. I'd also say learn some modes but more importantly start learning songs. Start learning as many different songs as you can. Try as hard as you can to learn by ear, note for note every part of the song. Use tabs as a last resort.

And it was mentioned above but I'll say it again. Play with other people as much as possible, try to join a band. It's crazy how fast your chops will improve. Think of it like, you've been in boot camp and are physically fit, know all your military jargon, all your assault plans, how to disassemble bombs, how to set up defensive positions, shoot a gun and know it inside and out, how to clean it, take it apart, put it back together all that...but once you go to war...that's when you REALLY learn.

Kind of a morbid analogy but I stand by it. I STAND BY IT!