It does what it tries to do well.
Or at least, I think it does. It's hard to tell when you don't amazingly like these crazy Japanese song-videos.
I'll say this. You definitely seem to have a recognisable style. After watching it, I thought to myself 'that'll be the guy that made "Good Times" then', and indeed it was.
The graphics suffice, the song is what you'd expect from this sort of thing, but I just don't find it funny.
Evidently, some other people do.