Media Player Classic is an excellent and lightweight media player which looks similar to Windows Media Player 6.4. But it comes with many additional features.
It has a built in DVD player with real-time zoom, support for AVI subtitles, QuickTime and RealVideo support (requires QuickTime and/or Real Player); built-in MPEG2/SVCD/DVD codec.

It also supports SVCD/CVD selectable subtitles and lots more. The best part about Media Player Classic is the ability to modify the filters when playing your favorite video files.
This article was posted by VG in following section: Software.
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Karl
The best media player for Windows