No one here has answered the question.
Yeah they have - A.T. provided a decent description in an earlier post.
... which makes me even more curious as to why it is easier to pick the weight up over his head.
The devil is in the details: he didn't "pick the weight up over his head", he gave it a shove to the side and then got out of it's way.
... it can take a bit to wrap you head around it though: Where did the description, in A.T.s post, lose you?
People who are still confused may need a bit of a primer:
http://hyperphysics.phy-astr.gsu.edu/hbase/gyr.html
... the key to the "effortless lift" effect is to understand about gyroscopic precession:
From there the discussion about how the precession leads to the ease (or otherwise) of lifting should be easier to understand.
Note:
The motion of the demonstrator should not be separated from the motion of the gyro.
Notice how none of the demonstrators tried to lift while turning the gryo
against it's precession?
We cannot discount the human "impression" effect - esp. "effort" is subjective and poorly defined.
The interested student should analyse the forces and torques in the following situations:
1. Does holding the gyro in place require less effort while it is spinning than when it is not?
2. If the spinning gyro was not held totally in place, just holding it up, what would happen?
3. Is lifting the spinning gyro above the head
without turning it (i.e. as a dead lift) easier than when you turn it as you lift it?
... note: these are guiding questions to help students.