Ok, when I save a movie with movie.lua, I checked the raytrace folder, and a bunch of .ppm files came out, what do I do with those. Also, where is the actual movie I made with it located?

I'ts in the toribash install folder.
Look for the filename as you finish the recording, it should be a .mpeg.

I am having a problem with that too what is the exact name of the file its located in>.<

I found the solution.
Keep the 2.76 install and let it autoupdate to 2.8.
I was thinking that's what everyone else did...

oh ok, I have the 2.76, I kept all my torifolders for nostalgie and becuase the newer versions need internet connections to run.