In the video, Graham Priest proposes a genius construction: a model of arithmetic that is complete but beyond a chosen (large) number, inconsistent.
I have tried to Google for more details on the construction of this model but I couldn't find anything. It is "collapsed" or so.
Priest somewhat explains how it all fits together but the ten minutes in which he elaborates on it, are in my opinion not enough to completely elucidate how it works.
In fact, Priest is very compatible with Godel's work, which says:
Arithmetic is inconsistent or incomplete.
The more standard mainstream narrative is, however:
If arithmetic is consistent then it is incomplete.
The mainstream phrasing reflects the unwillingness to contemplate the idea that arithmetic could actually be inconsistent. This view reflects some wishful thinking.
The proof is completely neutral, however, and does not even particularly favor this view. There is nothing wrong with the idea that arithmetic could be inconsistent. In this context, there is no reason whatsoever to eliminate this possibility. In conjunction with paraconsistent logic, (controlled) inconsistent arithmetic could indeed yield some interesting results.
Paraconsistent logic allows for inconsistency but strictly controls its explosion. Without such strict control, it would be unusable. That is not the same as allowing arbitrary contradictions.