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Batch convert media files using ffmpeg and ruby

So you have those old videos taken in your handy-cam that you'd want to convert to mp4 for better compatibility across devices and less storage footprint? And you want to batch convert all these videos?

This ruby-script should come handy for you.
STEP 1: Save a copy of the script in the directory where you've those old videos in .avi format, that you'd want to convert to mp4.
STEP 2: Run script as      ruby   convert_avi_to_mp4.rb     

Note: You should have ruby and ffmpeg installed in your system before you run this script.