Update (May 28, 2011) – The video is gone from College Humor, but it *is* on YouTube. So I’ve embedded it here.
The song is “What’s it Gonna Be” and it’s still a good laugh but definitely NSFW and probably would be considered vulgar by those with sensitive dispositions. To those folks I say, skip this and / or get help.
Update (August 6, 2006): this video is by Mike O’Connell.
This posting on Collegehumor.com is like a car accident. You know you don’t want to look but you can’t resist at the same time. Not safe for work but worth a look.