I saw this video when I was home this weekend, watching mtvU with my brother. It's the Knux! It's zany! Whimsical! [insert jazz hands]
They are a pair of brother-DJs raised in New Orleans, displaced by Katrina, now settled in California. Their myspace profile describes their sound as "garage-hop."
I couldn't find the lyrics online, but it must be about... coffee, right? Right?