Updating VLC

Can anyone tell me how to update to the latest version of VLC (0.8.6f) ? I am using the version: 0.8.6e , but I have to update since I am having problems with subtitles. I added the repositories from the VLC site to Synaptic and updated them. However when I still try to install VLC, it says its the latest version (already installed).

I added the repositories for "Ubuntu Dapper Drake". Does that make a difference? If yes then how can I get a repository or preferably a .deb file for Hardy?

(Tried building VLC from source, too many problems. I am newbie)

Basically, NO. Ubuntu does not update most of their packages until the next release. What a stupid policy.