user@host:~$ cvlc "Art of Flight.mp4" --sout '#transcode{vcodec=FLV1,vb=512,acodec=mpga,ab=64,samplerate=44100}:std{access=http{mime=video/x-flv},mux=ffmpeg{mux=flv},dst=0.0.0.0:8082/stream.flv}' --loop

VLC media player 1.1.3 The Luggage (revision exported)
Warning: call to srand(1352350667)
Warning: call to rand()
Blocked: call to unsetenv("DBUS_ACTIVATION_ADDRESS")
Blocked: call to unsetenv("DBUS_ACTIVATION_BUS_TYPE")
[0x825edf4] inhibit interface error: Failed to connect to the D-Bus session daemon: /usr/bin/dbus-launch terminated abnormally with the following error: Autolaunch error: X11 initialization failed.

[0x825edf4] main interface error: no suitable interface module
[0x827481c] main interface error: no suitable interface module
[0x81cf0d4] main libvlc error: interface "globalhotkeys,none" initialization failed
[0x827481c] dummy interface: using the dummy interface module...
[0x8266b0c] main access out: creating httpd
[0x82edba4] avcodec encoder error: cannot find encoder MPEG Audio layer 1/2/3
*** Your FFMPEG installation is crippled.   ***
*** Please check with your FFMPEG packager. ***
*** This is NOT a VLC media player issue.   ***
[0x82edba4] main encoder error: Streaming / Transcoding failed
[0x82edba4] main encoder error: It seems your FFMPEG (libavcodec) installation lacks the following encoder:
MPEG Audio layer 1/2/3.
If you don't know how to fix this, ask for support from your distribution.

This is not an error inside VLC media player.
Do not contact the VideoLAN project about this issue.

[0x827a62c] main stream out error: Failed to create audio filter
[0x827a62c] stream_out_transcode stream out error: Failed to find conversion filter for resampling
[0x827a62c] stream_out_transcode stream out error: cannot create audio chain
[0x82d7f64] main decoder error: cannot create packetizer output (mp4a)
rc buffer underflow
rc buffer underflow
rc buffer underflow
[0x825e5f4] signals interface error: Caught Interrupt signal, exiting...
rc buffer underflow