Important: mcrypt will not delete the original file. So remember to delete it.
mcrypt -a blowfish file
Encryption only
mcrypt -z blowfish file
Encryption + compression with gzip
mcrypt -p blowfish file
Encryption + compression with bzip2
mcrypt -d blowfish encrypted_file
Decryption only
mcrypt -d -k password -F -q encrypted_file
Decryption + Password + Suppress Output