How to fit a feature length movie onto a DVD?

Do a dual-layer DVD. DVD-9. That's what commercial DVDs are.

If you absolutely must do it on a DVD-5, then lower the bitrate when you render to MPEG-2.
 
No. A dual-layer DVD has both layers on one side; the switch between layers is automatic. Probably every movie you've ever watched on DVD had a layer switch in it.
 
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