This is a neat way to play with maki-otoshi. This reinforces the curling action and is an easy way to work on spacing with your partner. However, this method of maki-otoshi does not teach you how to intercept a moving target like the standard practice forms do.
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Begin with weapons crossed at standard maai. Nick Lowry is tori on the left, Danny Carrillo is uke on the right.
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Uke does not raise the sword. Uke simply thrusts at tori, very much like the attack action is tsuki-hazush just without the windup. Tori simply curls into the final maki-otoshi position. This picture is early in uke’s thrusting action.