There were a few times in the video where what appeared to be the opportunity for combo like kills was offered.
[url=http://i.imgur.com/rhHsiLS.jpg]Here[/url], just after a hunter killed an enemy with a throwing knife, we see "Chain Reaction x1" with a 10 second timer.
[url=http://i.imgur.com/nnW1wWO.jpg]Later[/url], after a hunter snipes an enemy, we see "Death's Dance x1, again with a 10 second timer.
[url=http://i.imgur.com/aHKHXQT.jpg]Still later[/url], we see a hunter get another "Chain Reaction x1". This time with a pistol.
Earlier in the video, we see a hunter reach "Chain Reaction x2". The first shot is a [url=http://i.imgur.com/ASPnuyu.jpg]headshot[/url], which kills one fallen. Followed quickly by a [url=http://i.imgur.com/8E2x8Bj.jpg]second headshot[/url], which kills another.
[Thanks to Corneilius86 for pointing this one out.]
What exactly these multipliers do is anybody's guess.
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At 1:22 the Hunter gets to Chain reaction x 2. We just don't know if it increases damage or what.