What is going on in this Malaysian-Chinese libertarian video of the year?

Blocked on Weibo, by the way.  One major figure in the video is the Malaysian-Chinese rapper Namewee, also Kimberly Chen.  I put up this post, among other reasons, to show just how much there is in the way of cultural codes to crack.  How much of it do you understand?  Do you get the references to this Thai-Chinese internet controversy?  What else?  Here is further excellent commentary from Sabina Knight.  #20 on the YouTube music charts.

Via Stu.