The problem with that file is that it contains old interlaced wmv video codec that's not into a wmv container and ffmpeg stopped supporting that specific combination(after a bit of research, it never supported that interlaced mode apparently) so many video player don't like that, including VLC, so even making an mp4 out of it wouldn't fix it without re-encoding the video and therefore losing quality, which is not ideal when the quality is already low.
Using a video player that can make use of the windows codec(meaning it uses directshow codecs) directly will fix that issue and I recommend
MPC-HC for it.
Many people didn't know what they were doing when ripping DVDs back then so we end up with weird combinations that are poorly supported, like this one.
Edit: VLC does seem to be able to play it when it is inside a .asf(old wmv container) though, but it's a pain in the ass to convert since you need to register the solveigmm asf multiplexer, open the video with graphstudionext, which likely requires lavfilters to be installed for it to play properly(all 3 of those app need to be 32bit), then you delete everything from the graph but the source, then you add the solveigmm filter and set the output, press play for it to start remuxing the video into a proper asf and finally fix the pixel aspect ratio with WMV AR Changer to set it to 8:9.
Since it likely can't be played right on something that's not windows, which is going to cause me problems, I'll upload the asf version as well soon.