Why does faith deserve respect?

Someone posted a video with that title on Facebook this morning. I’m curious to hear reactions to the video.

Personally, I have a hard time applying this sort of concept to actual life. As firm as I am in my beliefs (or non-beliefs), I always go out of my way not to step on the toes of the religious people in my life. Although, not too deep down, I agree with most of what the man in the video is saying. I just look on the much smaller scale, and most of the religious people that I know are genuine in their faith and do their best to live a good life. Which is essentially a goal that I share with them, despite my lack of faith. I can respect that, easily. However, the big picture looks much uglier to me.

Got me thinking. What are your thoughts?