Might be a parody, but with lyrics as "I'm a racing driver, performance is at peak/which means summer have to change tires once a week" or "with the W-2-0-1, its the 190 and I'm gone", I don't think so. Besides, videoclip's quality, for being a totally homebrew parody rap song made by two norwegian brothers, is quite astounding. As you probably have already seen.
It should get +10000 Jalop extra points for getting a manufacturer's chassis designation in the lyrics.
(Beware, as you can see above, it might be a bit NSFW)
Photo credit: Mercedes-fans.de