It's a 2-hour long dialogue between Bond (played by Wallace Shawn) and a villainous billionaire media mogul Fryston Gallibre (played by Peter Capaldi) who is trying to collapse western democracy through ever more bland homogenized remakes of beloved franchises.
In the end, Fryston realizes that Bond has never seen any of these movies or shows and isn't really a fanboy of anything so he is immune to this assault on culture. Bond actually leaves confused and when trying to explain the whole thing back at the office he stops mid-sentence and asks the widowed Mrs. Money Penny (Judi Dench) If she'd like to go see a movie together, "apparently they're quite popular!"