They could have benefited from multiple cameras. There are cuts where I can't really tell what's happening and they seem like continuity breaks. Still, the chess thing was nuts.
I also agree that the many edits make this a lie. This still has a nice taped-together home-made feel, though. The japanese TV one has all this custom carpentry and stuff like that.
It'll be nice when people start just uploading their videos to YouTube directly instead of having a billion different "hosted by" sites putting their own watermarks on it.