1. Upload framebuffer driver
configuring_framebuffer

2. The mplayer update

sudo apt-get install mplayer

3. Get a video file

wget http://adafruit-download.s3.amazonaws.com/bigbuckbunny320p.mp4

4. Play

sudo mplayer -fps 23.976 -vo fbdev2:/dev/fb2 bigbuckbunny320p.mp4