This is a clever parody:
If the recommendations of the Gowers review on "reforming copyright law to allow individuals and institutions to use content in ways consistent with the digital age" had been put in place it might even have been permissable under UK law. However, the law hasn't been changed to permit parody and YouTube got a takedown notice from EMI and duly deleted another neat piece of creative work built on contempory culture. (It might even be that the above version has been removed by the time most readers get here). There has followed the usual whack a mole game, as it gets taken down in one spot it gets put up elsewhere.
Another reminder, not that we needed one, that most of 20th and 21st century culture is unavailable as raw materials for modern creators to use.