Mobo Video Player

"Video!Video!Video!" will play an important role in your phone's use. Mobo Video Player is the best Video Player in android market to help to play video in your phone and it is totally free！

Mobo Video Player is the video player supports all the most popular video formats without any conversion. Its smart core technology auto detects video formats and makes it much easier for you to enjoy smoother, better quality videos.

It scans your phone's videos and makes you easier to manage the videos. It keeps your video playing progress and resume video's previous progress

It has the The "Hide Video" feature which might come in handy for many !!! ;)

Mobo Video Player supports such videos as follows：

1.All video formats
2.Supports SRT, SMI plug-in subtitle and MKV embedded subtitle videos.
3.Multi-audio streams and multi-subtitles videos
4.Playlists and continuous play
5.Advanced media libraries and sort videos by type 
6.Thumbnail displays of videos
7.Supports flash formats video - swf, flv videos

Here's the market download link.

Also see MX Video Player ( Because MX is better than Mobo in quite a few aspects !!!, but MOBO has its highs too)