As this movie is long as hell, I'll just summarize it here:
Bad animators making bad groups to imitate Clock Crew, Newgounds angry, newgrounds blames Clocks, Clock Crew kills shitty groups, Newgrounds still angry, Clock Crew decides to take over Newgrounds to keep order.
There, I just saved 10 minutes of your life. If you still want to watch this then go ahead, but its mostly just talking. If not, maybe check out Part 2.