Try GSpot, see the links here CODECs list and alternate players for Movies Just open it in GSpot & it will tell you which codec the file needs.

Are you sure the file isn't corrupt or something. If VLC can't play it then that's very strange.
VLC's abilities: http://www.videolan.org/vlc/features.html

I see it's MPeg 1 format which is normally used for VCD format.
Did you try opening it in Nero or Roxio burner apps?

Thank you for all your help
 

Ive downloaded VLC
Ive downloaded GSpot
Ive downloaded Codecs

And the thing still won't play, unless theres anything else I can try its going to the recycle bin

Once again I thank you for all your help