Barack The Magic Negro - Here's The Video Clip

This stupid song is making headlines on the web and on television. For two days now I've heard the phrase "Barack The Magic Negro" over and over and so I ended up checking it out. Some say it's racist, some say it's brilliant, I say it's really not all that funny and yeah, it's at least somewhat offensive. What do you think? Check out the video and decide for yourself if it's worth all of the hype: