Take your mpeg and demux it.
Use bbmpeg to remux it again. In settings, general tab, you can set max mpg size. Put in the box 820. With this size, maybe you only cut final titles and you can burn it with overburn.
If you cut more that final titles, you can try to reencode audio from your frequency (128, 160, 192, I don't know what you have) to other minor than yours. (minimun = 112).
With any of this 2 actions or both together, you can fit your movie in 1CD80.
You can also keep mpg size and just divide it by half with bbmpeg (max mpg size = 425), but this last for 2CDs.
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