Start by holding the broom horizontally (so that the shaft is parallel to the floor) and support it between the thumb and fingers of each hand with your hands held about a meter apart. The palms of your hands should be facing each other, fingers and thumb flat in vertical plane, with the thumbs sticking out to make cradles for the broomstick.
side view
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Once it's set up, all you do is gently bring your hands towards each other until they are touching, palm to palm. The broom will remain balanced on your hands the entire time.As you draw your hands together there will be an unequal amount of friction between the broomstick and each hand. The side that is further from the center of mass of the broom will have less friction. The side with less friction will slide. This changes the weight distribution between your two hands until the friction on the sliding hand has increased [enough] past the friction on the non-sliding hand. When that happens, the sliding hand stops sliding and the non-sliding hand starts sliding. The process alternates from hand to hand until, at the end, your hands are touching and the center of mass of the broomstick is [close enough to exactly] between them.
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Derp, it's on the youtube: https://www.youtube.com/watch?v=B4axmjVFsK8
Stephen Fry...