Wanted Melody from Wanted Melody on Vimeo.
It is from a team of french animators. Their webpage for their campaign is here. The project is funded completely by donation, and the plan is to produce a few smaller shorts to pitch to studios in order to fund a series of shorts.
The potential is staggering. The subject has no facial features, and so the animation and movement of the subject has to convey emotion. Also, the fact that there is no dialogue allows for the animation and the music to set mood and tell stories. The animation team could have chosen any inanimate object, however they chose the "willie". The penis is timeless. It is also always funny. To sum up, the creators explain it this way on their website:
of course this whole thing made me instantly remember this scene from Superbad...