% vlc -vvv video1.xyz --sout udp:client.example.org
%
vlc -vvv video1.xyz --sout udp:client.example.org
where video1.xyz is the file you want to stream and client.example.org is the DNS name of the client you want to stream to (you can put an IP address instead).
video1.xyz
% vlc -vvv udp:
vlc -vvv udp: