The first version of this video had the younger Manchester quartet performing in black-and-white in a poster-and-picture-clad room. This version.... is different. How? It's in color. And it tells a narrative of two young lovers in a cinema-verite style, which doesn't appear to end well. The old cliche "sex, drugs, and rock 'n roll" is certainly apropos here.
BTW, count how many minutes before someone ties "Blurred Lines" as an (indirect) influence on this.