Not sure where to post this but...

It's obviously not real. A common "trick" is to inject the bladder (through the urethra with a catheter or syringe) with a milk/corn starch solution and piss it out in spurts to make it look like an ejaculation. The guy's not even erect, as notice the flaccid pull in the closing shots. His ball sack is obviously also injected with either a saline or other type of solution.
 
And that video's been around for a LOOOOOOONNNNNNGGGGG ass time.

Like FLBobcat said, It's from injections. Nobody's balls would look like that normally unless they have a serious medical condition or Saline/enlargement hobby.
It can't be that pleasurable because he isn't even erect.
I'd say more urine control than ejaculate control.

If you had to categorize this, it would be under Saline Injections or Extreme Fetish pumping. (Not to mention fake)
 
Well shit, now my hopes are dashed that one day I may ejaculate like that legitimately...
oh well i'll keep tryin anywayz!!!

Take a couple of days and drink lots of water. Take multivitamins too.
Then get yourself an Aneros prostate stimulator and edge for a few hours.
You'll cum like a racehorse.

Oh...and record it on video -we want to see :)
 

This video has been around for years. I think that there are a total of 3 or 4 videos of this same guy doing this. The deal is that he uses a urethral catheter and makes up a solution which is infused up into the bladder and related structures. The solution used for this can vary, but believe me the dangers for bladder and urethral infections from doing this one are monumental. AS has been said the fellow then releases and clenches the PC muscle to simulate the ropes of an ejaculation. It can look very real to an untrained eye, but this is a type of fake. There are others who have done this one and again it makes for great screen shows but it is definitely not ejaculate material coming out of that penis. Sorry to disappoint.