Regulator gets hot with 7.4v and 11.1v li-po

Piton:
This is an 8 segment...

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTvwpptbcHLJTuY6Xw26Dlhf_zLACgBBDED2lnn8dEx7q6bh3z7cA

So how can i solve this issue? I would like to use 7.4v batteries

Though there are obviously 8 LEDs, those are almost always referred to as 7 segments. 14 and 16 segments the same way, though they are actually 15 and 17.

http://en.wikipedia.org/wiki/8_segment_display XD