I'm also not even sure if his testing methodology is solid; he was getting a ton of common mode junk in the target measurement probes, and subtracting it out in the scope. That works in steady state, but when trying to measure fast transients like this it depends on things like probe skew and more. It's just not clean enough for me to be able to trust the results are caused by the explanation he gave. Measuring subtle phenomena like this with long transmission lines involved with a single ground referenced scope and no true differential probes... ick.
Yes, this is obviously the case. But it's also not the setup that was being tested.
(Apparently he's editing a part2 which contains many weird & wonderful topological arrangements.)
Honestly though, I'm not sure what your problem is here. His results match very closely what you'd expect theoretically given the experimental setup. Not only that, if you model the setup in software using a suitable electromagnetic modelling code (there are videos on YouTube of people doing this) you get exactly the same result. Common mode noise on both sides is an irrelevance - you can just subtract it away without loss of generality.
If you look at his scope plot, the common mode voltage is kind of a mess and much larger than the actual differential voltage. That doesn't give me a lot of confidence in the final result. I'd like to see a more controlled version of this experiment with better equipment.
Source: I've done the same thing he did, using two probes to measure a differential voltage, and I can tell you it kind of works, but not well. Especially not at higher frequencies.
Take a look at the video made by YouTuber AlphaPhoenix where he constructs the entire thing on a smaller scale and demonstrates the effect with an oscilloscope: https://www.youtube.com/watch?v=2Vrhk5OjBP8
One way of viewing what’s going on here is to consider the two sides as a pair of large dipole antennas. When the switch (or in AlphaPheonix’s case, a transistor) is turned on, a pulse of electrons is pushed down one antenna, setting up a transient wave in the electromagnetic field around it which induces a current in the opposite direction in the “receiving” antenna on the other side. This happens regardless of whether the wired are connected in a loop or not!
Physics is great.