Is a media container format designed for streaming over the Internet. Used on popular video hosting sites. Video is usually stored in h.263 and h.264 formats, audio is a in MP3 or other less popular codecs. FLV-file format is a bit stream, which provides high-quality image even at low bit rates.
Xvid (formerly 'XviD') is a video codec library following the MPEG-4 video coding standard, specifically MPEG-4 Part 2 Advanced Simple Profile (ASP). It uses ASP features such as b-frames, global and quarter pixel motion compensation, lumi masking, trellis quantization, and H.263, MPEG and custom quantization matrices.