Getting the 'mega' jackpot requires a loop to castle door combo, I believe. So it's 3 shots to crystal ball, 3 to left loop, 3 to the winkie, 3 to the ramp, 3 to the right orbit, 3 to the throne room, complete all the rescue targets on the upper playfield, then_ hit the 'lock-ball / spot letter' loop and immediately hit the castle doors on the return.
The guy on the JJP forums didn't look like he did the loop to shot combo.
After rereading that, I understand why Kieth made it possible to lock 5 balls.