In other words, you can drag the video to any point for smoothly playing immediately. There is no extra datas and no need for buffering. First and foremost, it’s fast to drag the video. This owes to the advantages of M3U8 format. You may ask why should we encode to M3U8 format on Mac OS X El Capitan. Playlist doesn’t contain any multimedia content, it is only list of media files selected from a hard disk or other media. M3U and M3U8 playlists can be opened in a variety of media players, such as Winamp, KMPlayer, iTunes, VLC media player etc. The M3U8 file extension is used for playlists that are stored in the M3U UTF-8 (Unicode) text playlist format.