Yes, this sounds like a total bro thing to do but it’s actually very cool. Most humans struggle with just throwing and catching a frisbee or just shotgunning a beer or just catching, let alone doing all three items in the same sequence.
The challenge of throwing a frisbee, shotgunning a beer and trying to catch that frisbee is not new but this execution is quite spectacular:
[Reddit]

About Jason Smith
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Fernando Mendoza takes home Heisman
"Por el amor y sacrificio de mis padres y abuelos, los quiero mucho."
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"It's been an honor and a privilege."
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"The coaches have done everything they can do."
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"So why not give ourselves a chance to do that?"
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"competitive maniac"