Don't necessarily watch this, but put it on loud when you're doing the dishes or something. It's the only time Tom Green gets owned on his show (including Blackilicious IMO). And yes, Tom Green starts with the same rhyme he uses in the more popular Xzibit video, but later in the video he gets in lots of great storytelling raps (11:40).
"I went to Nevada with an infected bladder"
Another couple live recordings I've been OBSESSED with recently (sorry for the x-post):
What kind of fuckery are we?
Nowadays you don't mean dick to me
But I might let you make it up to me