Watching a divx avi with a subtitle file

I’m interested in burning a disc of an avi file with its “apparent” matching subtitle file. I have something like this:


I was told that there is a way to watch the movie with the subs without inserting them INTO the movie and reencoding. Is this true? Will my Lite-On LVD 2001 play it you think?

Do I just burn the files to a data disc?

Don’t know about the standalone, but there are plenty of software options for this. MediaplayerClassic for one.