MOD format, MOD to DVD Burner on Mac

Part 1, What are MOD files?
Part 2, How to play MOD files on Mac?
Part 3, How to burn MOD to DVD on Mac?

Part 1, What are MOD files?
.MOD files are JVC's implementation of MPEG-2 transport streams, similar to a VOB file on a DVD or the M2T files used on Sony hard drive camcorders.
A MOD file contains a set of instruments in the form of samples, a number of patterns indicating how and when the samples are to be played, and a list of what patterns to play in what order.

JVC MOD camcorders
2004: GZ-MC100 (SD), GZ-MC200 (SD)
2005: GZ-MG30 (HDD), GZ-MG70 (HDD)
2006: GZ-MG37 (HDD), GZ-MG77 (HDD), GZ-MG505 (HDD, SD/SDHC card)
2007: GZ-MG130 (HDD), GZ-MG155 (HDD), GZ-MG255 (HDD), GZ-MG555 (HDD, SD/SDHC card)
2008: GZ-MS100U (SD/SDHC card)
2008: GZ-MG7230 (30 GB HDD, MicroSD)
2009: GZ-MG630 (60 GB HDD, MicroSD), GZ-MG670 (80 GB HDD, MicroSD), GZ-MG680 (120 GB HDD, MicroSD)

Panasonic MOD camcorders
2003: SV-AV100 (SD card)
2005: SDR-S100 (SD card)
2006: SDR-S150 (SD/SDHC card)
2007: SDR-S10 (SD/SDHC card), SDR-H18 (HDD, SD card), SDR-H200 (HDD, SD/SDHC card)
2008: SDR-H40 (HDD, SD/SDHC card), SDR-H60 (HDD, SD/SDHC card)
2008: SDR-SW20 (SD/SDHC card)

Canon MOD Camcorders
2008: FS100 (SDHC), FS10 (SDHC), FS11 (SDHC)

Part 2, How to play MOD files on Mac?
The Canon FS series creates video files with a .MOD extension.
MOD video files are nothing but MPEG-2 files with AC3 audio.
Apparently, .MOD files can be easily renamed into .MV2 or .MPG files and can then be read easily by most video editing or playback tools.
You can use MPlayer OS X or VLC Media Player to play MOD files on Mac. They are all free.

Part 3, How to Convert MOD to DVD on Mac?