The video is literally the audience watching Peter watch Amberlynn on YouKnow, and it's an insanely dull shitshow within a shitshow. He's just repeating whatever she says. "How sweet is she, why are people coming for her?" Uhhh, because she's a future TLC special, Half Ton Lesbian Lunatic?
Edit: fixed the quote.
And at the end he's going on about how people want to watch him drag YT'ers, but if he makes a positive video no one wants to watch it. THEN DON'T GET YOUTUBE NOTORIETY BY DRAGGING PEOPLE. Jesus Christ. He actually lists her with Jeffrey Star and Manny MUA, like fuck no, they're trash, but they're A List compared to Amberlynn.