Compress video for dvd on mac

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So how does one go about that? I want to be able to burn a DVD that will play on standalone DVD player and regular laptop, such as my Acer, which has a DVD-Super Muti DL drive (whatever all of that means), not on some kind of a special player.

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I'm trying to burn a DVD that might be 6.51 GB of info., but all I have is a bunch of regular DVD-R discs, which are able to hold only 4.7 GB.

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“I'm new to this, so please keep your answers at a novice's, step-by-step level.