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I honestly don't know if this was in a dream or not, but I specifically recall there being a 'fanmade' lyric video of this part of the let's play had less than 1,000 views on youtube.
I can remember some of the lyrics:
Tomorrow night, your lives will change
Tomorrow night, you'll lose the game (you lost the game)
Mario's game over, what a sight
Tomorrow night
Out there there's so much room
Where the Yoshi's burp and the (Fire Flowers? Mushrooms?) bloom (could be 'bob-ombs explode/go boom', I don't remember)
Somewhere out there will be doomed
Because I will be ruling soon!
Stop your (don't remember), trolltendo
Too many pointless hidden lives, trolltendo
It seems like we've run out of luck
Losing 99 lives, what the (1-up sfx)
Why did Bowser start this war
What the (carp? it was something pg I think) are we fighting for?
When did this song become a punathon! (I want to rule this land!)
This is just a part of it in an already fuzzy memory, I know they did the entire song, so it might not be entirely accurate.
I remember being impressed by how much effort there was in the parody they made, and there were clips of the let's play happening in the backround that went along with the song. I know it wasn't a separate video but was instead part of an episode in the let's play.