Remember the kids TV show Rainbow? VERY funny link

Okay, I just sent the link to my also American friend.
Here is the transcript of our conversation, names taken out to protect the innocent ;D


A:http://homepage.ntlworld.com/darren_reynolds/rainbow.swf
B: whats this now?
A: just watch the entire thing
A: its a UK childrens show
A: I think the writers had a field day
B: what the hell is this?
B: lol
B: LOL LOL OMG!
B: Thats soo great!
B: OMG THIS IS AMAZING!
B: thats great
B: LOLOLOLOLOLOLOLOLOLOLOL
A: I don't know if its -that- funny
B: yes it is!!!!!!!!