Considering that 5 min without breathing is the generally accepted cut off for high risk of brain death, 17 min without some trick seems highly implausible. David Blaine is a well-known illusionist, so there probably is some sort of trick to this (though I'm giving a big "ICK" to turbo's suggestion

). I tried watching for any signs of movement in the video clip, but it was rather short to determine (how many times did he raise his arms? I'm wondering if that was a cover for taking a breath).
Can those claiming that others have reached 16 min before support that with any sort of credible reference?