He makes the comment: "There's a lot of grit in the folds of this."
Could be the filter collapsed because it was over loaded with crud and the PSID was just too high across the media, even if the filter bypass valve worked, it's possible it couldn't keep up with the oil pump, especially if the pump was high volume.
Never heard how long that filter was installed on the Ferrari before he removed it and cut it open.
Other causes of a collapsed center tube is that oil pump's pressure regulator going hay-wire, which would put much more flow volume, and hence, more PSID across the filter.
Who knows, the guy might rev the thing to 8K PRM 30 seconds after a cold start. Many factors could be involved.
It never really pays to try and use an oil filter for way more miles than it's designed to run.