The context: It's a take-off of the huge internet sensation from about 4 years ago, "All Your Base Are Belong To Us."
About the original: The "first part" is from the Sega Geneis game ZeroWing, the second part is a collection of related images people created, set to music.
Check out the
original. (video has sound, but is otherwise SFW).
I am proud to admit that when I was in the thick of the craze, I even purchased an "AYB" t-shirt, and wore it in semi-public more than zero times.