Media Player Classic | 2 Mb Media Player Classic looks just like Windows Media Player 6.4, but has 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.