Flash drives typically use a file system called “FAT” (File Allocation Table). It’s an old file system, and won’t save a file larger than 2 GB. I’ve been bitten by that before.
You can write up to about 4.5 GB to a data-DVD instead of a video-DVD. Same disc media, but a different file format. If you have a DVD-burner on your machine, it’s about as involved as doing a “copy”.
Otherwise, you might want to get a couple of external USB or Firewire hard drives. They are pretty cheap these days. Get two, because you don’t want to trust just one. Get a large capacity, and you can probably back up your original captured footage as well.
-jeff