The speaker mocks his audience of Microsoft engineers (like not in fun, he is really saying their culture sucks).
He is dismissive of "reactive programming" as nonsense from architecture astronauts, without giving a remotely fair description of what it actually is. His straw-man of "var x = 10; println(x); x = 42; println(x)" is not reactive, because "x" is not a function of other mutable state in the model. I've never heard of reactive programming until five minutes ago, but I can tell this just by reading the Wikipedia excerpts from his own slides (and a little follow-up reading confirms this).
I'm all for rabble-rousing, but if you're throwing punches you should know what you're talking about.
At 17:30 he makes a joke about a Steve Jobs function that says "iPhone", "iPad", "iCloud", and then "terminates naturally". Holy bad taste.
EDIT: others have pointed out that with extra context this is more obviously a self-deprecating and good-natured shtick.