Playing video on 60 FPS (Update 2)

So you had played games on your PC on 60 FPS, your eyes had been used to it and you are sick of the console frame rate that capped on 30 FPS. And on top of it, you got yourself a 60 Hz capable monitor yet you are playing your HD video collection on the native NTSC (23.976) or PAL (25.000) frame rate. However, not all of us are financial capable enough to purchase a 120Hz HDTV. If you ever had question on whether it is possible to play those HD videos that you treasured so much on your beloved 60 Hz monitor, ask no further as it is possible, provided that you have a decent processor (Core 2 Duo and above).