A "felling foot". That looks pretty cool, although having perfectly parallel seams is mostly (entirely?) cosmetic.
That guy's method relies on ironing to achieve folds in the fabric. I've gotten ironing to work with some silnylon, but not all. And other uber light fabrics have also resisted holding a fold when (carefully) ironed. Sometimes I've sewn a single stitch line to simply join the two pieces prior to folding; that stitch is invisible in the finished seam. One time I used glue, just one time. Usually I painstakingly pin the flat felled seam together prior to stitching. Arrgh. But I don't do this stuff very often.
I really liked that homemade aluminum lap seam folder jig that Evan of Terra Rosa Designs uses to sew seams in the
video he posted. I wonder how hard it would be to make one of those? I can't see any reason why it wouldn't work with a single needle machine.