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Reminds me of Pepe LePew.

Dude's playing with fire and he's going to need a tomato bath one day.

I get the feeling this was a domesticated skunk. My wife's father had one in college. He said it was just like a cat.

No spray?

Glands are removed at about four weeks (according to the Wikipedia page), so kind of like ferrets then.
http://en.wikipedia.org/wiki/Skunks_as_pets

Unless the person who posted the video is lying, this skunk is still locked and cocked, so to speak. He just doesn't see the lumbering beast playing with him as a threat.