This video was part of The Eurovision Song Contest (2004) and was broadcast in the semi-final interval act in some countries of Europe (in other countries, for example Spain, it was replaced by a commercial break) while people were voting. It was a way to celebrate the 30th anniversary of ABBA's victory in the The Eurovision Song Contest (2004) with "Waterloo".
Almost all of the dialogue in the video, including the record boss, are based off of ABBA lyrics. The first line in the video is from "Mamma Mia", while the last ABBA related line, said by the secretary is from "Hasta manana".
Although Agnetha Fältskog and Anni-Frid Lyngstad seem to be onscreen together, their appearances were filmed separately and merged together via computer.