Since you have the video ID, you can directly get the URL of the thumbnail using a simple URL hack.
hPanel.add(app.createLabel('Video ID: '+item.id.videoId+' Video Title: '+item.snippet.title));
hPanel.add(app.createImage('http://img.youtube.com/vi/' + item.id.videoId + '/mqdefault.jpg'));
You can replace mqdefault.jpq with hqdefault.jpg for high-quality thumbnails.