There's a lot going on in his this hand--some good, some bad--but the thing I want to point out takes place at 8:19 in the video. Phil the Duck has a very weak pair on a highly coordinated board.
By the time they get to the river, you can see Hellmuth really struggling with the correct play (fold) versus what his ego is screaming at him to do (make the hero call). IMHO, this is the Duck's fundamental problem in cash games: his ego. This is made abundantly clear at 8:19 when he says to himself, "I'm going to look like an idiot if I'm wrong. I'm going to look like a genius if I'm right."
Who the hell cares what you're going to look like. Why are you even having these thoughts? You should be REDi'ing your way to a fold. Instead, a significant part of your avian brain is literally worried how you're going to look to the TV audience. Seriously.
Yes, it's Dwan. And yes, he could be doing this with a very wide range, including air. But come on, already. Do the right thing.
The lesson for the rest of us is: Check your ego at the door and play REDi-poker, not vanity-poker.
All-in for now...