which bit does Russel play, the intro bit where it swaps from each speaker, like the chime sounds? That's a lot of delay I think so a delay effect and then to get the stereo switching across sound you need a stereo flanger effect. Otherwise the other guitar sounds are pretty standard, bit of crunchy overdrive.

he taps his pick against the middle strings while muting the strings with his left hand ... try it out and youll no what i mean ...