I love YaBB 1G - SP1!
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I'm not sure how faking it would be possible. When you save your game (on the 360 anyways), a "saved" dialoge pops up, so you couldn't just edit from save points. You'd have the "saved" overlay at wierd times so it'd be obvious. And as far as the loading points go, it seems to keep your exact position on most of them. that'd be pretty hard to align correctly.
Lifts are a good place to "cheat" and segment it. Go into lift, quick save, reload and restart recording. That'd only work if you never released demos though, because mashing two Source Engine demos together is hard.