You can't turn shit into something else by re-editing it.
Not with that kind of attitude. But when you're shitmaster 3000, you can transform shit into condensed shit. That's worth the 500 hours or how much he's going to spend on something nobody will be able to ever see.
The latest Ass Wiper video sucked ass, to nobody's surprised, but somehow it's even worse than their previous shitty efforts - partially due to the impressively shitty audio mixing, maybe James let his genius daughter do that, since she got bored of making Mario levels. If anything, Jamesy should focus most of his time on that, so his channel can crash and burn faster.