Opening up imovie project in toast 8

Trying to figure out how to burn my first dvd imovie project on my new lacie external burner. I cannot add my project yet.
When I try to open it up in the media browser in toast it says the files are in unsupported format. Does anyone know what I have to do?
I have heard that I need to export the movie out of imovie using quicktime. I have tried doing this and it was going to take over two hours. I have made more room on my internal hard drive as I was only on on 22GB. I have now moved my imovie events to my external hard drive but I think it takes a few days before it will change.
Any help would be much appreciated.

  Open Full Edit and on the menu click Help à Updates
Install Adobe Camera Raw 6.5 which is the latest version available for your product and then your NEF files will work in PSE9.
Alternatively, if the automatic update does not work you can download directly from the links below:
Windows
http://www.adobe.com/support/downloads/detail.jsp?ftpID=5264
Mac
http://www.adobe.com/support/downloads/detail.jsp?ftpID=5263

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