I can't believe I haven't posted this yet. Well, maybe you've seen some of the foriegn music videos that have been 'Buffalaxed" before...Basically, it's not a translation, it's what the song sounds like if you phoenetically compare it to English.
This one is, by FAR, the best. Not only because it really does sound like what they're saying, it's FUNNY, and the video itself has so many WTF moments in its natural state, it's like a train wreck. This is one of my all-time favorite internet videos.