Don't adjust your internet settings or hit that refresh button: This video is indeed messing with you, and using the typical journey of falling into a YouTube wormhole to share the horrible truth about Flasher.
The "official" video for "Material" looks like it was meant to be a VR piece, which is close: It's an artful linear combo of an interactive set-piece where you can toggle between Ward Thomas principals Catherine and Lizzy, or let them co-exist on the screen.