My video player is resizing by itself! What gives?
The problem is likely that your theme's CSS (Cascading Style Sheet) is managing the <video> tag. For instance, the WordPress Twenty Twelve theme has an entry which looks like:
/* Make sure videos and embeds fit their containers */ embed, iframe, object, video {max-width: 100%;}
Commenting this element out or removing it from the cascading style sheet will resolve the issue.