The most important thing about this is that I've checked over and over: THIS IS REAL.
It isn't even a parody of a real event expanded upon - everything in this clip is real, from the newscaster, the professor and the crazy, crazy man in Klan robes.
I just...it's...I just...I just...This is like a Monty Python sketch in how completely unbelievable it is. I just...It's...I just...I...It's...I just...I....