Handbrake - a tool for compressing video
Today I discovered Handbrake, a tool for compressing and transcoding video. It is probably mainly for doing this from DVD, but I have been using it for making smaller video files from my Casio Exilim camera. I had a rather motionless (demoing eyeglass frames) video that had the original size of 182MB. In Handbrake I set the target size to 24MB, two passes and it managed to shrink the file down to under 24MB with pretty darn no discernible degradation of quality! Recommended.