Xvid & MP3
These two seems to be the most popular video "backup" codecs on the internet (if you know what I mean). Since I started playing the pirate game on the internet, I always wanted to transcode all my video files using these two. Over the past two years, I have probably wasted several gigabytes of Google's bandwidth in a frustrating and tiring search to find an easy way to do this.
If anyone have found one or a nice compact free program, please please come forward and help a brother out. If you know a why to do so with VLC, it would be da boom.