The video suggests that these elements are essential in cosplay from CCosgames's blog

Cosplay is discovered no longer best as a playful domain in this video but as "extreme entertainment" (Stebbins 2007)—a voluntary hobbyist exercise that calls for investments and competences that equate it with hard work.  Cosplay Costume

The stakes in extreme amusement are one-of-a-kind from hard work, but, in that they contain self-growth and competition. Superman Costume  

The video suggests that these elements are essential in cosplay and additionally relates them to the validation of the fan or outsider.