[Update: I think I spoke too soon... ]
Perhaps this isn't quite the 'pinnacle of human achievement' that one comment describes it as, but it's still the best Gangnam Style parody I've seen yet.
(Via Liminality via Big Hominid.)
This one is kind of fun too...
And in a more serious vein, Mark Russell's article in Foreign Policy about Psy and the export of Korean pop culture is well worth reading (via his blog and the Marmot's Hole).