Firstly the title should be Is it....? It's = It is, it is is a statement not a question...
Ok grammar Nazi aside, Yes it is easily possible to turn the bike around on it's side stand, it's a common practice, also heard it under the name of kickstand b!tch, or stand turn...
I used to need to do it on a daily basis due to parking, have also done something similar to lube the chain in sticky situations (Leave front wheel on ground during lift, bike in neutral, you lift, then mate turns wheel and sprays lube...).
Your fine provided you have the body strength and height, bakerxderek did a video of it recently (can't see youtube at work so don't know what video you've linked).
Don't drop your bike and blame me tho...