This video is okay but it is misleading in that the surface you are leveling on must also be level or you will end up chasing your tail trying to get it right. The proper way to calibrate a precision level is to use an adjustable surface. It doesn't have to be a surface plate but it should be flat and have three adjustable feet. You should also have a mechanical means of returning the level to exact same spot when you flip it 180 degrees.
A piece of plywood (3/4" thick Melamine ply works well) with three screws on the border 120 degrees apart is good. You can use threaded inserts of some kind and use screws for adjustment. A small framing square or even three nails is fine to assure the level is referenced to the exact same spot. Then follow the procedure in the attached document.
My personal level is sensitive to 0.02mm/M, or just under 0.0003"/foot. This is sensitive enough to require 20-30 seconds for the bubble to settle. Without the adjustable table it can take hours to calibrate this thing properly. Using the table, it takes minutes.