There are similarities between this and 1983's Razors Edge and If You Really Want To. For one, the comedic horror elements bordering on the psychological
Or was that just an 80's thing this twenty-five year old missed? haha :)
Scroll down to a 1986 of Farian and Meat... http://www.frankfarian.com/en/story/...ian-story.html
This link was also beneath the YouTube video, I only glanced at it. It's Meat Loaf related, so I drop this here as well. 
http://meatloaf-info.narod.ru/