Click here to check more about VLC and other video player
Installation:
1)Remove old VlC
Remove the previous version of VLC to avoid a conflict when you upgrade.
From terminal: sudo apt-get remove vlc
2)Include new repository.
Click System ->Administration ->Software Sources ->Third Party Software.
Add in this repository: deb http://ppa.launchpad.net/c-korn/ubuntu intrepid main
Close Software Sources & Click reload/refresh the repositories.
3)Install vlc
To install Vlc: sudo apt-get install vlc
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source:http://linuxpoison.blogspot.com/2008/11/13578175712957.html