$_='while(read+STDIN,$_,2048){$a=29;$c=142;if((@a=unx"C*",$_)[20]&48){$h=5;
$_=unxb24,join"",@b=map{xB8,unxb8,chr($_^$a[--$h+84])}@ARGV;s/...$/1$&/;$d=
unxV,xb25,$_;$b=73;$e=256|(ord$b[4])<<9|ord$b[3];$d=$d>>8^($f=($t=255)&($d
>>12^$d>>4^$d^$d/8))<<17,$e=$e>>8^($t&($g=($q=$e>>14&7^$e)^$q*8^$q<<6))<<9
,$_=(map{$_%16or$t^=$c^=($m=(11,10,116,100,11,122,20,100)[$_/16%8])&110;$t
^=(72,@z=(64,72,$a^=12*($_%16-2?0:$m&17)),$b^=$_%64?12:0,@z)[$_%8]}(16..271))
[$_]^(($h>>=8)+=$f+(~$g&$t))for@a[128..$#a]}print+x"C*",@a}';s/x/pack+/g;eval

A rewrite, using an extra five bytes (!) of perl code, caches a table, which apparently makes the program fast enough to decode a movie in realtime:

$_='while(read+STDIN,$_,2048){$a=29;$b=73;$c=142;$t=255;@t=map{$_%16or$t^=$c^=(
$m=(11,10,116,100,11,122,20,100)[$_/16%8])&110;$t^=(72,@z=(64,72,$a^=12*($_%16
-2?0:$m&17)),$b^=$_%64?12:0,@z)[$_%8]}(16..271);if((@a=unx"C*",$_)[20]&48){$h
=5;$_=unxb24,join"",@b=map{xB8,unxb8,chr($_^$a[--$h+84])}@ARGV;s/...$/1$&/;$
d=unxV,xb25,$_;$e=256|(ord$b[4])<<9|ord$b[3];$d=$d>>8^($f=$t&($d>>12^$d>>4^
$d^$d/8))<<17,$e=$e>>8^($t&($g=($q=$e>>14&7^$e)^$q*8^$q<<6))<<9,$_=$t[$_]^
(($h>>=8)+=$f+(~$g&$t))for@a[128..$#a]}print+x"C*",@a}';s/x/pack+/g;eval

As Touretzky writes on his Gallery page, typical usage is just:
cat /mnt/dvd/VOB_FILE_NAME | qrpff 153 2 8 105 225 | extract_mpeg2 | mpeg2dec -

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