This bit is actually called "Medieval Land Fun Time World". It does Game Of Thrones bad lip reading style, but it also adds a few graphic elements to the mix. It is seriously some laugh out loud stuff.

YouTube

Do yourself a favor and watch this when you have time to really watch and listen to it. There's actually some subtleties to it, and you may actually have to pause and rewatch some scenes because you're laughing too hard over the previous one.  Yes, it truly is that funny.  Here you go: