(Video Link)
Zelda on Paper, by EricPowerUp, is a stop-motion paper animation presentation of the Legend of Zelda narrative that gets increasingly surreal. I think that Luke Plunkett at Kotaku puts it best when he writes "Imagine, then, Zelda was born not from Nintendo but from a West German animation project in 1978, and this will look right at home."
The video is preceded by a short commercial.
Previously: Multiple Covers of The Legend of Zelda Theme Music