Yes, I have one like that (now pensioned off).
For anyone needing more explanation: a proper "universal" battery charger will monitor the voltage, current, and temperature for each cell being charged individually, and control the current being forced into it (which charges the cell) according to what the charger can deduce about the chemistry of the cell and its physical state, with regard given to best practice for each particular cell chemistry (normally NiCd or NiMH).
Simpler battery chargers will simply use a regulated current with a voltage cut-off, both values chosen to be safe (and therefore slower than can be done by a more intelligent process). This is the kind of thing illustrated in the preliminaries in the YouTube video.
Get this kind of thing wrong and there is risk of the cell shorting out internally and overheating as a result of rapid self-discharge, and/or gases being evolved which increase the internal pressure and either vent off or rupture (explode) the case. The gas is typically hydrogen so that implies a fire risk.
The charger in the video puts the cells more or less in parallel, each cell only separated from the others by a couple of resistors in parallel with LEDs. There is nothing to stop a cell overcharging (continuing to force current into it after it can't take any more). There is nothing to stop a faulty cell sorting out the others. It's the kind of thing that could result in a house fire if used unattended.
Lithium Ion cells are an entirely different matter - for one thing they have double the voltage so they need a charger capable of that higher voltage. They also have a much higher stored energy so are inherently more hazardous. Lithium itself is rather volatile and they need careful management (as is evident from Samsung's experience).