As stated above, Codec means Compression/Decompression and
there are a plethora of Codecs included with QuickTime.
Some examples of codecs are Cinepak and Sorenson. To the
left are two rendered cubes, but one with Sorenson high quality
encoding (left), and the other with Cinepak low quality encoding
(right). There is a considerable difference in file sizes and
appearances. As you lower the quality the image, the appearance
suffers. Play around with the different codecs and choose one
that is right for you.
Sorenson is one of the most popular codecs around. The quality
is great and the file size is small. The sample movie in this
tutorial was encoded using Sorenson.