Local video playback very laggy

OK, if disabling hardware accelerated decoding did not fix the issue, you might be having an issue with file caching.

Please go back to the Input-Codec tab, where you disabled the hardware decoding. Now, at the bottom left of the window, your going to see a Show Settings, and a simple bubble, and an all bubble. Click on the 'ALL' bubble.

From the list on the left, click on Input / Codec. Then on the right side, scroll till you find 'File Caching (ms)'

As you can see on mine, it appears to be set at a very high value of 1000. If yours is set to this as well, that is far too high for a lower performance computer!

Please set yours to a value of no greater then 300, then 'SAVE' See if that fixes it. I am really trying to help you solve this, but I do feel I am at my limits of knowledge here with this.