I wish people would properly edit videos like this before uploading them. The complete inaudibility of the host up to 3:14 is rather disconcerting. If you can't fix the sound, cut it!
Here's a link to the point where Geoffrey takes over, which is audible, but you'll probably need to crank up your volume:
Fortunately there doesn't seem to be any problem with background noise, but I can still barely hear it on my MBP with the volume at max. Headphones will most likely help.
Audio Hijack Pro is very helpful in these cases. Once you've hijacked the browser audio you can add effects to normalize levels (AudioUnit Effect/Apple/AUMultibandCompressor), remove buzzing (AUFilter), or fix poor balance (4FX Effect/Channel Tweaker or Monomizer).
http://www.ttic.edu/dl/dark14.pdf
And here is Caruana's 2006 "Model Compression" paper he mentions:
http://dl.acm.org/citation.cfm?id=1150464
(Note the actual citation is Buciluǎ, Caruana, and Niculescu-Mizil 2006.)