From video description:
This is a modern replica of the oldest instrument in the world which is known to be a compass. The spoon or ladle is of magnetic lodestone, and is supposed to be a symbolic representation of the Great Bear. The handle of the ladle points towards the South, and these compasses are sometimes called ‘South Pointers’.
The professor from this channel is a long-time collector of unusual toys and things, and he shows each one in short little clips. The things he presents are always fascinating, and his simple presentation of them is quite charming. It is easy to lose time perusing his little videos.