Oh I can tell my theory now! Personally I think it gets better the more I watch it.
It reminds me of the film 'Castaway' with Tom Hanks... where Tom' character is stranded on a desert island and his loneliness leads him to imagine a ball as his friend. To me this video is about the loneliness of a homeless man (played by Damien) who imagines a balloon to be a friend. And we are watching through his imagination, so we see the balloon as Lisa too.
Quite a nice short-film actually. Definately growing on me.
There is still a complete disconnect from the song itself, but that seems to be the case with this director. 'The Scientist' and 'Just' were the same.
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