The original question is regarding snap oversteer... not lift(trailing throttle) oversteer, not Scandinavian flick... not throttle induced oversteer.
Snap oversteer is when the car is already in a slide, then it "snaps" to the opposite direction.
This is due to the rear wheels gaining traction while the fronts are still steering into the skid.
In the Skip Barber video above this is illustrated at the 20:40 moment, but, he did not explain what happened, other than the fact that he noted he had not recovered. In the previous examples (same video) the driver rolled steering back as the rear gained traction, catching the slide, at 20:40 he was too slow rolling steering out, the rear gained traction while the fronts were still steering into the skid, and it snapped around on him. (I'm sure he did this on purpose, and maybe later in the video he addressed/explained it...)
In real life, this will often happen when a car goes into a skid, and the driver lifts off the throttle while steering into the skid to catch ... but having lifted off, the rears gain traction, the driver cannot react fast enough with steering inputs, and... snap.
In real life you will rarely see a driver lift once a skid is in place... the age old "when in doubt throttle out"... You want to control the skid with throttle and steering, to bring all events back into order... lifting off throttle now places the rears on a path of regaining traction on their own, and now you are down to reacting once that event occurs... with throttle, you are controlling when the tires regain traction and have calculated the steering inputs... aka you are in control of the slide.
So, the Scandinavian flick... yes, it is a means to induce snap oversteer... to get the car sliding prior entering the corner. You typically only see the Scandinavian flick on gravel/snow events... or for hooligan purposes. The reason it's used in gravel/snow is because a car is quicker through a corner while in a controlled slide than it is neat/tidy and hooked up. The reason for this is because while sliding you are pushing gravel/snow, which is causing friction, aka grip... same reason a car will stop faster on gravel/snow locked up than it will with ABS... again, with the wheels locked you are piling up gravel/snow(certain types, with decent footing underneath) in front of the tires, adding friction, stopping quicker... ABS is safer in that you will still be able to steer, but it will not stop you faster in these circumstances.