Amazing Photoshop Picture Restoration [VIDEO]

I have seen some horrible photo shop jobs in the past.  Mostly on models in magazines.  Taking and already thin girl and making her even thinner.  Missing arms and legs all with the click of a mouse. But this is a great example of how the program can be used for good!  I have some old pictures of my family that I would love to have this done to.   It really is an amazing job. This video is of Reddit user HaterSalad. The video description of the clip on YouTube states that he did a good deed for a stranger by performing this colorization. Starting with an old, faded, cracked photo, it becomes restored to better than its original glory. Could you do this with an old pic?