You can get an analogue to digital convertor box of tricks. You plug your analogue Camcorder at one end and the PC or standalone DVD recorder-player.
Once on the PC, you could use a software program to edit the best bits into a different order, add fades, music, voice-overs, etc.
Then when you are happy with the completed production, you would use some software program to burn to an internal or external DVD writer.
A standalone DVD recorder-player could be able to store a large video file before burning a DVD if it has a hard disk. Some even have basic video editing functions. If there is no storage media, it will simply create a DVD directly from whatever the analogue player is outputting (continously).