Yeah, the way that this video pays homage to the old-school digitized look of the first few Mortal Kombat games is cool. And it's great that there are nods to signature moments of the latest MK title in there, too. But what really makes this video work is the secret revelation about thunder god Raiden.
Emc Monkeys' short was inspired by the newest season of Mortal Kombat Legacy, which itself started as a fan film. This clip, however, manages to find some humour amidst all the fight choreography. Good for them.