Some good advice in that video.
Personally i tend to go into the bag feet first then wrap the the opening around my head with my face sticking out.
The hole and candle trick would be good in still lowland conditions, i really wouldn't want to cut a hole in my emergency bag if it was really windy though, as once a tear is started it's extremely easy for it to open up on most the plastics used on the cheaper emergency bags.
I'd also want to test the flammability of my bivvy bag before putting a candle inside.
If it only melts then the risk might well be worth it, if it's a a bag with some sort of flammable coating then i wouldn't risk it.
Saying that i have never once taken a candle out with me, so it's not really something that applies to me and the type of outdoors activities i do any ways.