How to: Rip Blu-Rays on OS X

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How to rip a Blu-Ray movie on Mac OS X using an external Blu-Ray drive and MakeMKV. The movie being ripped is 2 Fast 2 Furious on a Mac Mini (Late 2009) 2.66GHz (OS X 10.6) with a LG CH08LS10 drive connected by USB.