This isn't a video, but is a good overview of how to apply leatherique written by Todd Cooperider who does a lot of detail work on Ferraris.
There is another thread about how you enter the car as that technique seems to work as I have used it on my 03 CL 55 with 200k+ miles and wear jeans all the time and my bolasters look very good, especially compared to the pictures. Just a thought when you get this issue sorted.
Here you go: http://www.ferrarichat.com/forum/detailing-showroom/545769-how-use-leatherique-video-esoteric.html