An Old Technique, A New Look

This is a really cool video I stumbled upon. I don't understand the story line, but I'm mesmerized by the animation. Nothing fancy, just black and white cartoon (or specifically anime) drawings. In my mind, it's essentially a beautiful pairing of old and new animation techniques. Each frame was meticulously drawn out to create the motion and story; like cartoons before shows and movies became CG heavy. I think it's a neat technique and would love to see more examples of it.