Escape the output of an ACF Wysiwyg field, but allow for oEmbed video and shortcodes.

functions.php

<?php

function return_escaped_acf_wysiwyg( $field, $post_id = false ) {

	// if there's no post id defined, get id from current post.
	if( !$post_id ) {
		$post_id = (int) get_the_ID();
	}

	// get the kses'd content
	$content = wp_kses_post( get_post_meta( $post_id, $field, true ) );

	// check wp_embed is enabled
	if ( isset($GLOBALS['wp_embed']) ) {
		// if the content contains something we can oEmbed, do it.
		$content = $GLOBALS['wp_embed']->autoembed($content);
	}

	// echo the resulting content, allowing for shortcodes
	return do_shortcode( $content );

}