Copy/pasting what I said in the comments of the video itself:
This was very cool. The fight choreography was phenomenal and the special effects are fantastic for what is just a YouTube video. This is also possibly the best thing I've seen by James Van Der Beek.
Three criticisms, though:
1) The pacing on this was a little too fast, so I was a little lost on who everyone was supposed to be. I didn't know Van Der Beek was Rocky until the credits sequence, for example.
2) The villains should have also been wearing some kind of silly outfit or at least something to make them recognizable to whom they were supposed to be representing. The only ones I recognized were Bulk & Skull because of the unique outfits they wore.
3) I personally think there was an over-reliance on the swearing and the violence in order to show how "dark" and "mature" this was. I don't have a problem with swearing and violence in general, just when it's done so excessively like this. A few more clever lines - like perhaps references to the old show - rather than swearing would've gone a long way.