What's even worse is that it looked like, to me, that me made it (initially). Sure, it oversteered a bit (fish tail), but he "saved it". The rear end didn't go all the way around. However, he didn't save it the normal way.
Instead, it looks like this guy did a drifting move. He stayed heavy in the throttle while counter-steering big time. When the rear end caught grip, the car then did a snap-oversteer to the right and the driver was unable to steer quick enough back the other way to save the 2nd oversteer. You can see that he did try to steer back the other way but too little, too late. The 2nd spin is faster in some cases and is much harder to save. Avoid the snap back. Here is how.
When saving an oversteer, steer back into the spin. Usually, just a little will do it. Be patient and smooth. You may need to steer more, even a lot, shuffling hands to accomplish whatever is necessary to save it. Depending on the spin, you can also reduce throttle but steering is the main way to save the spin.
If you can't save it by steering and reducing throttle, turn all the way into the spin and lock up the brakes hard. (Push clutch in also.) Spins often occur before or near the apex and you'll likely have a lot of track towards the outside to use to slow down before hitting anything. This predictable course will help other cars, if any, avoid you.
After steering into the spin to save it, you need to resume turn in the original direction. You only steer into the spin enough to stop the oversteering, but you need to maintain the turning rate. Maintaining the turning rate is critical for two reasons. 1) it prevents snap-oversteer the other way; 2) you still need to make the turn.
If you can concentrate of the feel of the car (the g-forces to the outside), then maintain the high g-force turn while you counter-steer. And, that is the key - driving by feel.
This guy was not steering by feel (from what it looks like) but by a panic move of steering into the turn (too much), then being unable to steer quick enough back the other way to save the snap. Use the force Luke. Drive by feel.
$0.02