I installed BookmarkIt on my XP mce machine and it installed without a problem. When I play a video file I have the option in the 'info' menu and if I select save bookmark, nothing happens. Likewise if I close the video and reopen it, then select open bookmark, again nothing happens.

Am I missing a step here on how this program should be used?

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Something or nothing...

That's an old plugin so I'm sure some windows update might've broken it. Contact the author, I think it may be bagavant.