I would say that it depends greatly on what the degree is in, and what the person would like to go for a living, as to whether or not the degree is "crap."
If a person goes to college and gets a degree is women's studies or sexuality or something like that, it's almost always crap.
If a person goes to college and gets a general degree in liberal arts, or communication, or something like that with no clear path on what they want to do, it's likely going to be crap.
If a person goes to college and gets a degree in the classics, or history, or English, or something like that, but expects to get a highly-paid job at some business, it's likely going to be crap. If, however, a person gets one of theses degrees and expects to work in one those fields, and be compensated according to the market, the degree may be valuable.
If a person goes to college and gets a degree in engineering, or computer science, or something like that, and expects to work in one of those fields, the degree is likely going to be very valuable in today's world.
I am in complete agreement that the push to have everyone go to a four-year college and get a degree is completely nonsensical. Not everyone has the temperament, knowledge, or desire to go to a traditional college after high school. There is no shame whatsoever in going into a trade, either through a trade school or apprenticeship, and, as pointed out in the video, skilled workers in these fields are in high demand, and can earn a man a comfortable living for raising a family.