Check out doom9.org and pocketmatrix.com for the best video/audio compression tools and information. I use Divx5.02 (with some other frameserving tools
), and I've been able to squeeze 8GB down to ~690MB.
BTW, not trying to be mean, but
please don't ask me to explain it all and how it works. It took me the better part of the summer to figure it all out. I probably used an entire box of paper printing out instructions off the web!
Just look around; the truth is out there!