My first encounter with Teletubbies occurred some years ago, when my sister put it on TV to distract and pacify my young, noisy nephew during a family function. I don't recall him being all that taken by it, but I—and my dad—watched for well over an hour. It was hypnotic. I can't remember much about it now aside from a nice lady with a soothing voice and maybe learning a little about how something is made. I am quite confident, however, that there were no brutal carjackings.
The brilliance of this Grand Theft Teletubbies video, therefore, is that it's tonally spot-on, as you can see in this side-by-side comparison video, until right around the halfway mark, when Tinky-Winky gets his ass kicked by Dipsy, and Po absolutely rocks Laa-Laa with what I'm pretty sure is a gigantic bong. (Edit: I was mistaken, as Po is actually wielding a machete or club of some sort. The bong is actually on Laa-Laa's head.) The dance moves are a bit off, too. All in all, though, I think creator Merfish has done a wonderful job capturing both the look and the spirit of the Teletubbies, and I applaud him for his efforts.