Sort of. (http://jibjab.com/thisland.html) About 3.5 megs. Funny. Musical.
hey that's better than south-park
... not that i ever liked SouthPark that much, but you can see the influence in the animation. Personally i prefer the pre-rendered/photo style to the catoony one of SouthPark.
Hehe, it was funny.
On a related note, there's a modified version of the original song about Australia. Ironic, since the original song was written by America's greatest folk legend.