So, how different is the video from real oral?
Mine was not so thorough, I guess, but the same basic points were covered, and my examiner was also pretty officious, as opposed to making it like a friendly chat. But he basically took the approach of presenting a topic, then gauging my knowledge based on the first response or two. He didn't really give me "exercises" to do. This examiner seems unwilling to leave
any stone unturned, which from my own experience and what I've heard, is unusual... especially if the applicant comes prepared, starts off well, and doesn't ramble or seem clueless on a given topic. But as you can see, he's not trying to fail the applicant, he's just being thorough. And the applicant is up to it. this oral is a lot like a ground school session, really. Like a flight review, it's not a pass/fail thing so much as an opportunity to show what you know, patch up any weak spots, and maybe learn something new.
As for tips: I've done it twice (PPASEL and PPG), and both times I did pretty well. My "secrets" included flash cards and a lot of talking to myself, as if I were answering questions during the oral. A mock oral or two with an instructor, or anybody who can fake it with the FAR/AIM in front of them, is also very helpful.
I had been warned to answer only with "yes" or "no" whenever possible... after all that hard studying, it seemed outrageous to hide my abundance of knowledge, so I didn't heed the warning.... a bad idea. If the DE holds up a pen and keeps asking you if you know what it is until you answer "yes", you will understand.
Even if you are 100% right with everything you say, the oral will take a lot longer if you start lecturing. And if you are wrong... it will take even longer.