Well, the inspected element IS absolute positioned, but is placed inside a wrapper (in another parent element) - #player-modal, which is fixed positioned!
The absolute position is used inside the fixed positioned parent, so the .hud element to be just a few pixels outside the content area (same spacing in every resolution!). This way the floating is fixed to the content area, instead of depending on the resolution (using fixed positioning + using the "right: 20px;" setting).
I just forgot to mention that it's possible, because the site has fixed width and not responsive layout, adjusting to every resolution. If you plan to use this efect on site with fixed width - it will work, otherwise you could need another solution.
I hope I've explained it well! :-)