You can also open double windows if you want to actually view the playlist.
You can fine-tune your playback using video controls, adjust the speed, correct out-of-sync subtitles or audio tracks, take snapshots, and mess around with video effects if you're so inclined. In addition, VLC includes plenty of advanced features, like the ability to stream to devices across a network or transcode video files to other formats.
It plays just about everything you throw at it, whether it's a file, a stream, or a disc image of a DVD or BluRay. 1 video player for Mac, VLC is worth the reputation.
