N.B
This video is on a local HDD.
This is the "buffering bar" this means that vlc decoded and played the video faster than it could actually read it, so it will buffer some time then resume playback. This could happen with remote files on a slow network or big files on a slow support like USB1.1-.
Of course you can try to increase the caching options (file-caching or network-caching) in the preferences or put this files on your computer hard drive.
If it is the case you should open Tools->Messages set verbosity to 2 then start playback and copy the logs here or the pastebin like of your choice.
Here are the logs
direct3d debug: Created 650x131 texture for OSD
direct3d debug: Created 1040x63 texture for OSD
direct3d debug: Created 748x131 texture for OSD
direct3d debug: Created 606x62 texture for OSD
direct3d debug: Created 730x130 texture for OSD
direct3d debug: Created 620x131 texture for OSD
direct3d debug: Created 885x63 texture for OSD
main debug: auto hiding mouse cursor
main debug: auto hiding mouse cursor
main debug: VoutDisplayEvent 'mouse button' 0 t=8
main debug: VoutDisplayEvent 'mouse button' 0 t=9
main debug: auto hiding mouse cursor
main error: ES_OUT_SET_(GROUP_)PCR is called too late (pts_delay increased to 5095 ms)
main error: ES_OUT_RESET_PCR called
main warning: early picture skipped
main debug: Buffering 0%
main debug: Buffering 6%
main debug: Buffering 16%
main debug: Buffering 22%
main debug: Buffering 31%
main debug: Buffering 38%
main debug: Buffering 46%
main debug: End of audio preroll
main debug: End of video preroll
main debug: Received first picture
main debug: Buffering 53%
main debug: Buffering 59%
main debug: Buffering 65%
main debug: Buffering 71%
main debug: Buffering 78%
main debug: Buffering 85%
main debug: Buffering 93%
main debug: Stream buffering done (5187 ms in 285 ms)
main debug: Decoder buffering done in 0 ms
main warning: PTS is out of range (-9981), dropping buffer
main warning: picture is too late to be displayed (missing 57 ms)
main debug: picture might be displayed late (missing 17 ms)
main debug: auto hiding mouse cursor
direct3d debug: Created 320x119 texture for OSD
main debug: auto hiding mouse cursor
main debug: auto hiding mouse cursor
How do I change cache size on the latest VLC, the preferences window has changed so much.