It is more of an advanced stitch that can create a very nice loom knit piece. The video shows the use of the Knifty Knitter long loom, other brands of long looms can of course be used. These more advanced loom knitting stitches are a great way to create very beautiful loom knit pieces.
As you probably already know Isela knows her way around a loom. Loom Knitting Primer was a great book. So is Loom Knitting Pattern Book. If you are looking for some more great loom knitting patterns check out: