So, when I first saw this, I thought is was... just okay (it starts off a little slow). But since then, I've watched it at least 20 times, and I'm now convinced that it's pretty brilliant. They really did their homework.
Axis of Awesome, Four Chord Song
I'm more than a bird. I'm more than a plane. I'm a bird plane. I'm a bird plane. A motherfucking bird plane.
That makes it a little better, I guess, but I still feel it dilutes their catalog. I doubt any artist would do this unless they needed the money; I'm guessing Chris Novoselic is hard up for cash these days.