Think about this for a second. Elliot did this while he was starring in Get A Life, which was in the early 90s. That means no one saw the original awesome Shatner version he was parodying. You can tell by the silence of the audience. Absolute genius.
Bad and beautiful on the flip side...
Great concept - absolutely awful execution. Seriously, why not choose songs that at least have some opportunity to show off some singing.
From some Russian movie (possibly titled A Woodpecker Never Has a Headache - from the comments). I think it's just cool to see the kid from Willie Wonka get some more work, even if it is behind the Iron Curtain. Actually he has nothing to do in this other than be mesmerized by some Communist funk music.