If it were rated for the animation, it would be one star, as it's mainly a hat bobbing around.
If it were rated for crazy-make-you-giggleness, it would get three to four stars. I really love the concept of a song based on the words it sounds like in another language.

But anyway, everyone should be able to watch this with the same advantage I had, that of knowing what the words mean...

Lalalalalalala...
Oooooh-ohohohoh

Winning kinky and fun

The hat is yours, the hat is yours
Hat-baby, hat-baby

The hat is living it up,
The hat is living it up

The hat is yours, the hat is yours
Hat-baby, hat-baby

This is hopeless
We find this is becoming gay
It was always fun

The hat is yours, the hat is yours
Hat-baby, hat-baby

The hat is yours, the hat is yours
The hat is yours, hat-baby

Lalalalalalala
Oooooh-ohohohoh

Cool guy holding a soda
Yes, that's what we like - something sweet

Cool guy holding a soda
Yes, that's what we like - something sweet

Threw the hat in Bert's coke-au-lait
Threw the hat in Bert's coke-au-lait

But baby, of course you knew that
But baby, of course you knew that
But hat-baby, of course you knew
But baby, of course you knew that

The hat is yours, the hat is yours
The hat is yours, hat-baby

Lalalalalalala
Oooooh-ohohohoh

Borrow the LP "The hat is yours"
You can dress up and make out on TV

Borrow the LP "The hat is yours"
You can do drugs and end up on TV

Yes, the hat is yours, yours!
Yes, the hat is yours, yours!

Everyone knows why and everything will get perfect
Everyone knows why and everything will get perfect
Everyone knows why and everything will get perfect
Everyone knows why and everything will get perfect

The hat is yours, the hat is yours
The hat is yours, hat-baby

Lalalalalalala
Oooooh-ohohohoh

Glue piece of ham, cool.
Glue piece of ham, cool, cool.

The hat is yours, the hat is yours
Hat-baby, hat-baby

The hat is living it up,
Yes, the hat is living it up

The hat is yours, the hat is yours
Hat-baby, hat-baby

This is hopeless
We find this is becoming gay
It was always fun

The hat is yours, the hat is yours
Hat-baby, hat-baby

The hat is yours, the hat is yours
The hat is yours, hat-baby

Lalalalalalala
LALALALALALALA...

(Oh, I didn't translate it: I got this from the page I originally saw Hatten Är Din on.)