How To: Determine the air amount in packing peanuts w/ acetone

How much air is actually inside a packing peanut? There is a simple experiment to conduct to see what is leftover. To begin, pour 200 ml of acetone into a glass container and add approximately 1800 ml of packing peanuts. Stir with a wooden spoon to dissolve. The video's author starts with the 1800 ml and realizes that that isn't enough. He then keeps adding until he has added an entire large bucket to the original 200 ml of acetone. After all are dissolved, all that is left in the glass container is a green, goopy substance. The "mad scientist" concludes that packing peanuts are made of "mostly" air.