The limit only applies to image formats, as Nautilus does not actually thumbnail videos (gnome-video-thumbnailer, which is just a special way of calling Totem, does). The limit imposed by Nautilus will never apply to videos, since it does not make sense to do so; thumbnailing a video only renders one frame of the video about 30 seconds in, whereas thumbnailing images requires reading the entire image file and then scaling it down to thumbnail size.
The limit only applies to image formats, as Nautilus does not actually thumbnail videos (gnome- video-thumbnail er, which is just a special way of calling Totem, does). The limit imposed by Nautilus will never apply to videos, since it does not make sense to do so; thumbnailing a video only renders one frame of the video about 30 seconds in, whereas thumbnailing images requires reading the entire image file and then scaling it down to thumbnail size.