I agree that using a steel can as a crucible is a stupid idea (I only ever did it a couple of times) but a heavy-walled steel pipe would not fail in such a catastrophic fashion. There would be warning signs, seepage into the furnace, visible alloy on the outside of the crucible, etc. long before the bottom or side just drops out. Graphite crucibles are far too expensive and difficult to source where I live so I'll stick with my steel, but of course I'll continue to inspect it as I use it.
It was interesting to see the dreaded 'concrete steam explosions' caught on camera too, and reminds me of my hot-dip galvanising days. Again, not the catastrophic event people envisage when they warn of such things. The droplets of alloy that land on you from such an event are certainly painful, and will leave a mark for a while at least, but aren't terribly serious. A good reminder to wear your safety gear though.
As a final 'war story', the company I worked for were trying to improve safety and bought each hot worker a supposedly "fire proof", button up, long-sleeved shirt. If the trial went well, we were to receive the matching long pants as well (both items were hideously expensive). They worked reasonably well for the most part, and did save us from quite a few of the 'normal' minor burns from spits and droplets (like you see in the video). However, when I had a major amount of liquid alloy ejected on to my chest, it dumped enough heat into the shirt to ignite the "fire proof" material and it went up in flames - and we could not beat it out. Ironically for safety reasons, a water supply was not kept close-by to the molten metal area, so my only option was to remove the shirt, still buttoned up, over the top of my head as it burned ferociously. After that experience, I went back to using my trusty leather apron and my hair grew back eventually.