Bhima's oath shown in the video is almost according to the scripture. After Draupadi's insult, it happens:
And Bhima said,--Hear these words of mine, ye Kshatriyas of the world. Words such as these were never before uttered by other men, nor will anybody in the future ever utter them. Ye lords of earth, if having spoken these words I do not accomplish them hereafter, let me not obtain the region of my deceased ancestors. Tearing open in battle, by sheer force, the breast of this wretch, this wicked-minded scoundrel of the Bharata race, if I do not drink his life-blood, let me not obtain the region of my ancestors. [source]
The fight is also according to the scripture. Later during the war, Bhima did act on his oath, however he didn't severe his hand as shown in the video. Rather he decapitates DushAsana:
Bhima, in that dreadful battle, hurled his mace at the prince. With that weapon, Bhimasena forcibly threw Duhshasana down from his car at a distance measured by the length of ten bows. ... Addressing Karna and Suyodhana and Kripa and Drona's son and Kritavarma, he said, "Today I shall slay the wretched Duhshasana. Let all the warriors protect him (if they can)." ... Drawing then his whetted sword of keen edge, and trembling with rage, he placed his foot upon the throat of Duhshasana, and ripping open the breast of his enemy stretched on the ground, quaffed his warm life-blood. Then throwing him down and cutting off, O king, with that sword the head of thy son, Bhima of great intelligence, desirous of accomplishing his vow, again quaffed his enemy's blood little by little, as if for enjoying its taste. ... Indeed, all those that stood around Bhima and beheld him drink the blood of Duhshasana, fled away ... [source]
However Bhima didn't really drink the blood. He just inacted it for the sake of oath.
That's a less known story. Here is that clarification in his own words & it's less likely to be due to his real fear of GAndhAri's supposed curse:
Hearing these words of Gandhari, Bhimasena, looking like one in fright, said these words for soothing her, ‘Be the act righteous or unrighteous, it was done by me through fear and for the object of protecting my own self. It behoveth thee therefore, to forgive me now. ... Gandhari said, ... he did not deserve such a death. He, however, did all that thou tellest me. ... thou quaffedst in battle the blood from Duhshasana’s body! Such an act is cruel and is censured by the good. ... Bhima replied, saying, ‘It is improper to quaff the blood of even a stranger, what then need be said about quaffing the blood of one’s own self? One’s brother, again, is like one’s own self. There is no difference between them. The blood, however, (that I am regarded to have quaffed) did not, O mother, pass down my lips and teeth. Karna knew this well. My hands only were smeared with (Duhshasana’s) blood... [source]
The other such instance more from the mythology perspective, is blood being drunk of Raktabija.
Raktabīja had a boon that whenever a drop of his blood fell on the ground, a duplicate Raktabīja would be born at that spot. Raktabīja was wounded, but drops of blood falling on the ground created innumerable other Raktabījas, and Durga was in difficulty. At this point, the goddess created Rakteshwari, who stretched her tongue over the earth and licked up each drop of blood pouring from Raktabīja's body and devoured his duplicates into her gaping mouth.
From Wikipedia of Kali as slayer of Raktabija the story is slightly different though.
In today's world we may consider "Raktabija" as a some kind of disease, which virally infects via blood (e.g. AIDS).