Oh, wow. This is by far one of my favorites. It's just the... ethereal feelings evoked by the song. It's very calm and relaxed, and it just kinda says "Hey, nothing to worry about. Just sit back and take it easy for a while." Only it doesn't really say it, so much as it projects an ethereal, dreamlike feeling that just draws you in without you realizing it.
The lyrics are difficult to understand, but I think that the effect would be lessened if they were clearer. As DJP said, at first it seems like just another techno cover, but it quickly proves itself to be something else altogether. It just works. It all comes together like the pieces of a jigsaw puzzle.
I really, really wish I could say more, but since I'm totally musically illiterate, there isn't anything else I can add that isn't just reapeting what I've already said.
Bazooie, if you're reading this, seriously, do some more songs. This is highly memorable, and I'm certain a lot of the people who've heard this, including myself, would love to hear more.