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smplayerfag here. For those wanting the superior viewing experience and joys of smplayer (with mpv backend) look no further.
>never get ads
>always on top floating window to stick wherever you want
>video and audio filters out the wazoo (more through autism)
>custom styled closed captions
>a rewind/seek buffer and slowdown/fastforward
>other stuff
To get closed captions in smplayer (fine in mpv alone) add
>--sub-create-cc-track=yes
in Prefs -> Advanced -> Mplayer/mpv -> Options:
Pic related is typical HorribleSubs font for captions.