WARNING: The QuickTime file in the page is over 15 megabytes.
Anyway, it's a splice of the State of the Union address, using Bush's words in creative order. I still think my favorite two lines are
"One by one the terrorists are learning we are building a culture to encourage international terrorism."
"The British government has learned that Saddam Hussein recently had an advanced nuculer (sic) program chemical in his arse, even when inspectors were in his country."