Compress Mp4 Video – Need Done Today

I have an MP4 video that I took using my Flip camera. The video is only 2 minutes long, but it is a huge file – 60+ mbs.

I want to put the video on Youtube, but I think it’s too large, and will take a long time to load. I need it compressed so it will not take long to load. Ideally, I would like to get it down to 5mbs or less, without sacrificing too much quality. I don’t mind the video quality being reduced, but I still want the quality to be decent.

I need the output file to be in MP4 format.

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