old fashioned method
What you need.
1)VCR
2)DV camcorder- with analog to digital conversion feature
3)Mac with iDVD and DVD burner
What you do.
1)Hook up VCR output to DV camcorder input or use TV as bridge if neccesary.
2)Record on the camcorder as you play the video.
3)when done import to your Mac in iMovie.
4)Edit it, play around with effects or transitions if you want
5) Export to iDVD
6) Play around more with themes and menu order.
7)BURN!!! your very own DVD.