N2 is (mostly) inert when it comes to respiration. What your body needs is oxygen and low concentrations of anything that might also be metabolically active. For scuba diving, N2 is used to dilute the oxygen and is used specifically because of how non-reactive it is. At high concentrations though, it can result in nitrogen narcosis - helium is sometimes used as the diluent gas instead to mitigate this.
As far as habitability is concerned, atmospheric nitrogen is essential for life on Earth at least, as it's a major part of the nitrogen cycle (specifically, nitrogen fixation). Without it, we wouldn't have nitrogen-containing organic compounds like amino acids (and, therefore, proteins), at least not nearly in the same quantities that we currently do. This doesn't mean it's essential for life outside earth, but it is for life as we know it, so its presence should increase our credence (if only a little) for whether a given planet is habitable or not. However, when looking for signs of life, it's better to look for atmospheric signatures that are heavily influenced by life, rather than just those that facilitate it. The oxygen in Earth's atmosphere was largely produced by life, and so its presence in the atmospheres of other planets would be a good (though not definitive) indication of habitability.
Yes, he's right that bringing the poles of two magnets together puts the system in a state of higher potential energy. And, yes, you could use this as an explanation for "why" the magnets repel by invoking the principle of minimum energy. You can even show that this results in a force, as a gradient in the potential energy is mathematically equivalent to a conservative force. I do think, though, that you can give further justification for the principle of minimum energy than he gives in the video, as it follows from the second law of thermodynamics (see Wikipedia article). Regarding the exchange of virtual photons and using this to explain how the electromagnetic force arises: I would avoid this entirely.
One side nitpick though: I wouldn't say that the energy came from "the chemical bonds in the food [you ate]", but rather the formation of new bonds as you digest the food. Chemical bonds are states of lower potential energy, so breaking them in the sense of separating the constituent atoms requires energy. It's just that different bonds can have even lower potential energy and therefore release energy when they're formed.