Thanks for posting, Del. It blows my mind that so many people are doubtful that compressors can ever explode like this. I've gone 'round and 'round with the guys at work and they always say it'll never happen and that if a tank ever deteriorates to that point, that it'll start with pinhole leaks and gradually fail. I say that's horse puckey. If you're lucky, that's what will happen, but you can't depend on it. And this video proves it.
ALWAYS drain your tank at the end of the day and leave it open to let any condensation that didn't get blown out evaporate. Keep that tank dry and rust-free. There's even some folks who install coolers between the compressor and tank to minimize condensation in the tank, which I plan to do.