Nice
Very well done, although the positioning of the subtitles wasn't (in my opinion) too well thought-out, due to the fact that I couldn't focus on both video and subtitles at the same time... I find this important because your whole video was modelled from the lyrics of the song.
And the obvious fact that this vid was around 10 megs, perhaps you need to compress the music file or something. I don't care though, I got the speedy internet.
PS - How'd you exceed the 5MB limit? I've always wondered how some people manage to do that... Please respond.