The torque applied by the thread at the beginning increases the angular speed, then it's just enough to maintain the speed.
Because the disk is slowed down by friction.
Of course there is friction in action.
But the friction is not the cause of the horizontal position of the disk.
The cause of the horizontal position is the vertical direction of the thread and the vertical action of the gravity. The gravity plays an important role here because the thread is not perfectly attached at the CoM but near it.
This particular configuration make the gyroscope/disk having a precise relation between precession and spinning speed, that is w_{thread}\ sin \theta = \Omega_P and w_{thread}\ cos \theta = \omega, the speed about the axis of the disk.
The gyroscopic torque is applied very very very gently and smoothly. If we call y the axis of the disk parallel to ground, w_y is aòlmost zero. That is the gyroscopic torque doesn't produce any significant change in the precession speed and direction, but slowly and smoothly challenges the gravity torque. The effect is that the disk slowly goes horizontal, and the only reason here is a very little gyroscopic torque.
In addition, the precession of the disk/gyroscope doesn't produce any complicated polhode behavior. The pohode path is just a circular motion of the angular velocity vector.
As is clearly explained here:
If the rigid rotor is symmetric (has two equal moments of inertia), the vector \omega describes a cone (and its endpoint a circle). This is the torque-free precession of the rotation axis of the rotor.
http://en.wikipedia.org/wiki/Inertia_ellipsoid
And this is precisely what the plate axis does in my video when it's rotating. It's axis describe a cone. Of course when the disk rotates fast, the cone is narrow and it's impossible to spot it. As the plate spins faster, the cone narrows.
The real example of the plate I gave in the video is slightly more complex, because the cone is larger due to the gravity torque.
The angle of the cone is relatively simply com calculate for standard objects. For example, a a spinning sphere. Let a spinning sphere have a material massless rod in its axis. If two objects hits the rod such as to create an angular precession, the rod will describe a cone, whose angle is: \theta= arctan({\Omega \over \omega}).
For a disk, since the inertia about its axis is the double respect a perpendicular axis, the cone described will be narrower, like \theta= arctan({\Omega \over 2\omega}).
The formula I gave for the torque that keeps the disk horizontal against the gravity toruqe is exact and it finds references in books about the gyroscopic motion.
The same torque can be obtained by computing the centrifugal forces that acts on the spinning plate of the video, and the result is exactly the same.
It's an esay exercise to compute the centrifugal forces on the spinning tilted disk.
In real honesty, I cannot understand why the motion of a simple disk can create so much perplexity.
The polhole mode is not present here because the torque is increase very slowly as I said before, and the almost inevitable friction present immediately stops the very small movement that make the disk horizontal. This is evident because the reorientation of the disk is not perceived as a motion, but as a very slow change of position.
And finally, frankly, comparing my plate to the probe B gyroscopes is really funny.
The probe B gyroscopes are the most precise gyroscopes probably ever built with has an eccentricity of no more than 1/1.000.000. That means that they are perfect spheres. The ration y the biggest and the smallest ratio is, as said, 1.000001.
The plate I used has nothing to do with those objects, and every comparison will just lead to useless discussions.
The centrifugal forces on the probe B gyro is so small that it take 14 months for the polhode path to complete.
The plate has a ratio 2 between its classic inertia axis, and the polhode path is so quick and little that it's impossible to see it.
I think some people should revise the basic of the gyroscopes before lauching, useless and pointless discussions.