I don't where I would start to plan this. It's really nicely done and the clever bits around 1 minute and 2min 30secs with the use of faces make it worth watching alone.
Music videos are becoming a medium that can be really creative, even on a budget. It doesn't even what the song is about, how fast it is played or frankly if the song is any good. You can polish a turd of a song into a great piece of art.
Here's a few examples I've been collecting over a while of cool music videos.
And my favourite.
I'm pretty sure you can think of a few ;)