I don't know if you were going for an artistic piece or a funny one but I don't really think it hit either in my opinion. While I do appreciate your vast and varied vocabulary (obviously you are well educated) I don't really feel that this video did anything particularly special. The art was good and the voice acting was excellent, but the meat of the video was nothing more than a rambling nonsensical rant of someone who was drunk off of a non alcoholic beverage. Could have been funny if it had more jokes. Maybe it could have been more artistic if the rant had more of a meaning than "this shit is good,"
As it is, it hit neither and ended up a rather amorphous blob of a video with no substance or structure to give shape to either story or meaning. I like your artstyle and Elspeth has a very lovely voice that I'd like to hear in future videos. Those are both positives, its just the meat of the story thats the problems.
My advice to you is I think you should perhaps set a goal as to what you are trying to accomplish with a video (IE: are you trying to make people laugh? Make them think? Entertain them with an interesting story? Confuse them?) and try to design the video around that purpose. You have some talent and with some work you could be a pretty awesome animator. Hell if you don't want to do the humor thing that could be good. 90% of newgrounds animation is humor related anyways. It would be nice to see something new out there.
Anyways, keep up the good work. I hope you found this constructive and I'll follow your videos because I get the feeling I'm going to see more of your work in the future. :)
Good Luck!