The clip claims to be about a dad seemingly upset that his kid doesn't have a job and stays home playing video games. The guy takes his anger out not just on the console but also his son's car. The Mitsubishi definitely takes its fair share of the punishment here even after the Xbox is broken.
If this were real, it would be a pretty horrifying fight to watch. But while we can't be entirely certain, we're almost positive that this argument is completely staged for a number of reasons. The major one is that the same uploader also has videos with millions of total views of the same "Psycho Dad" dropping an Xbox in a pool, running over games with a lawn mower and taking an axe to a laptop. Furthermore, just looking at the clip itself, people don't generally wait for the other person to stop talking when yelling at each other. It also seems a bit suspicious that the kid directly speaks to the audience at one point.
If you're still curious to watch, be warned that there is quite a bit of explicit language in the video.