Well it states that this video was shot on 16mm film (not video).
A lot of the effects seem to be the kinds of effects associated with the mis-projection of film (where the reel comes loose and that kind of thing). Probably they could have actually recorded a projection of the film while they harassed the reel, causing it to come lose, and mis tracked, causing light leaks and so forth.
There are some filters available in FCPX and other plug ins that can recreate this (though not as realistically). Plug Ins like M-Looks also have 8mm / 16mm effects that cause these artifacts (like dust and hairs, the film becoming mis aligned etc).
Probably you should also look at getting some light leaks and scratched film, or film leaders, film countdowns etc.
Like these examples:
www.lucavisualfx.com/Sprocket_Slip_Transition.htm
www.lucavisualfx.com/leaders.htm
www.lucavisualfx.com/clips.htm