I pasted the below from the video description because it seemed better than trying to paraphrase:
“This is about honeybee or Apis Dorsata. This ‘wave’ is utilized against wasps and is referred to as ‘shimmering’ behavior or defense waving. Bees in the outer layer thrust their abdomens 90° in an upward direction and shake them in a synchronous way. This may be accompanied by stroking of the wings. The signal is transmitted to nearby workers that also adopt the posture, thus creating a visible, and audible ‘ripple’ effect across the face of the comb.
These wave-like patterns repel wasps that get too close to the nests of these bees and serve to confuse the wasp. In turn, the wasp cannot fixate on capturing one bee or getting food from the bees’ nest, so the wasp will seek to find easier prey and leave this nest alone.”