Yeah, but it can't skip 5 seconds ahead. I mean, ostentatiously, it can, but with horrible lags and jerking. I can't watch a video where I don't have fast skip. MPlayer, a much worse player than VLC, had instant skip for all file formats. Youtube has instant skip. But VLC doesn't even use the forward/backward keys for skipping, it uses Alt-Cmd-Arrow or some arcane combo. Clearly they dropped the ball on skipping.