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I can’t watch the video because I’m at work, so I’ll ask you instead—what are the rings?
The rings are to intimidate the enemy, kind of like a cacophony of jangling bells. Traditionally the rings will have short horse hair tassels on as well to confuse/distract and disguise movement.
The Chinese were quite fond of putting rings on swords, they believe the noise drives away evil spirits.
The ‘modern’ style Ghost Head Sword is a bit broader towards the end:
And is a close cousin (and often confused with) the Goose Wing Sword, which only has one bell/tassel:
the extended bit at the back can be used for hooking the opponent’s weapon, as well as apparently making stab wounds ‘dirtier’, although I’m not sure I understand how when it’s so far back.
OMIGODYOUGUYS
I own the above sword now. Well, one like it.
It is mine. My own.
Ooooh. Very nice.