Chronicles of Narnia rap --- what gives?

You know the Chronicles of Narnia rap from Saturday Night Live that was supposedly being passed around the web like hotcakes?

Really, was it that funny? I found it mildly humorous at best. Made me a little nostalgic for the Beastie Boys, but, eh, whatever. If this is the best Saturday Night Live can do these days, the show is in more trouble than I thought.