Yes, it’s a dancing penis and vagina.
This video from a Swedish kids' show is meant to teach children about their body parts. You won't be able to get the tune out of your brain, and you won't be able to un-see it, but it's totally worth it.
And check out the crazy lyrics, translated below!
SVT / Via youtube.com
It starts off with a polite introduction: "Here comes the penis at full speed!"
Well, polite and maybe a little aggressive.
SVT / Via youtube.com
Then it goes straight to crazytown: "He who has no pants, dangling penis and naked ass."
Okay...
SVT / Via youtube.com
More introductions: "Snippe-dipp-dipp-snippedi-do! The vagina is awesome, yes it is!"
Well, that's nice.
SVT / Via youtube.com