Actually, WMM can do that stuff.
No font mode...
Okay, first off, the no Lifebar think is one of the Debug keys.
Running: Done by, possibly, some enemy that's invisible or something (Like Mad Gear if you summon no one. You'll be the only person onscreen).
The rest of the cuts and effects are done by WMM. The fade in and out from black, the varied colors, and the one frame shots can all be done. Hell, I've done something similar myself. Granted, I think his is better.
[youtube=425,350]NXvj4SNo6ns[/youtube]