not without a program called "Xbox media player". You download this program and burn it on your cd, along with the movie file.
Xbox Media Player is a homebrew app that someone made. It allows you to play movies on an xbox, simular to what DreamVCD does for the dreamcast.
Check out here to read about it. It's the official site
http://www.xboxmediaplayer.de/newweb/info_project.htm