Funny? Yes. Kinda.
Also known as "The First Wave Harlem Shake Clip" video. This is the Patient Zero of Harlem Shake videos: Neither entertaining nor not-compelling, it'll be studied for years to come as part of the intellectual endeavor that is uncovering the science behind making some incredibly stupid shit catch on, and how unbelievably adept certain groups of people—like teenage boys without anything better to do—are at it over others.
The Young, Homoerotic Harlem Shake Video (Home Edition)