There are 10 types of people-- those who understand binary, and those who don't.
I'd suggest starting at about 3:20 in if you don't want to watch the full deal. There is another version on youtube that begins at about that point but it is a windows media player file and it plays almost in slow motion (for me, at least).
Loved the build up. I really had no idea why the audience was laughing, but they obviously knew what was coming up! I've never heard of these guys, but I'm going to check out some of their other videos now.