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can you somehow click on a button in Unity and this opens your player to start playing a video that is external file (from the resource folder?)
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what is the best way to play videos for unity project in a web browser?
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It requires Pro but yes its possible. The movie just has to be in Ogg Theora format.
But whats wrong in your thinking is that the Resource Folder is external. It is not, the resource folder will be within your project in a packaged form and you would access it with Resources.Load. To play a movie thats really external, you use the WWW class and the file: protocol -
Ogg Theora movie on your website that you request with WWW and then play back once its ready to play