Yes, people are still making 'Gangnam Style' videos. In fact, if this one is any evidence, they're spending quite a bit of time on it too.

Some students at MIT have made this latest tribute to Psy's smash hit, and they really went all out. How all out is that? Ummmm... they got beloved author/linguist/famous smart guy Noam Chomsky to say "Oppa Chomsky Style" on camera. Plus the bridge is an a cappella remix. Sincerely, it is epic, you guys.