For more info: http://knowyourmeme.com/memes/phonetic-translations-buffalaxing
Know Your Meme scientist Jamie Dubs explains the art of Phonetic Translation, or the practice of transcribing foreign lyrics into another language by their proximity in phonetics, mainly for comedic effect.
Literal Music Videos are similar in form, but instead use newly recorded audio to interpret the visuals of the video.
For more: http://knowyourmeme.com/memes/literal-music-videos