RatDVD
RatDVD takes a full featured DVD-9 movie and puts it into a highly compressed .RatDVD container format file of about 1.x GB in size while preserving all the features of the original DVD. You can directly play back the .RatDVD file in Windows Media Player or any other compatible player with all the options the original DVD movie would give you. You can also convert it back to the original DVD format, burn it and watch it on any DVD player.
Of course this program uses some kind of compression to achieve such a small file size. It is in fact a codec written by the author of the program itself, named XEB. Why did he write his own codec? First to create the option to store many of the original features of the dvd. Second to avoid the patents of codecs like XviD, H264 and others to keep the program free.