The VideoLAN Forums

What I'd like to do is have VLC do its usual 'stream to file' bit, but rather than one behemoth of a file for a continuous stream, I'd much rather it go into smaller files (i.e. create a new file for every hour recorded, or a new file every 100 MB's, etc.)

How ought I go about accomplishing this?

That's not possible yet. I'll add it to our TODO list. https://trac.videolan.org/vlc/ticket/561

VideoLAN's developer's are amazing.