E! Online has the story:
Warning: What you hear in this video may shock you. But we’re not talking about the fact that these little girls (ages 6 to 13) are swearing like sailors. We’re talking about the phrases they are using regarding gender inequality. In a video produced by FCKH8.com starring the “Potty-Mouthed Princesses,” young girls all dolled up in pastel gowns drop F-bombs to remind everyone that society shouldn’t be offended by curse words; we should be offended by the fact that women are still paid 23 percent less than men in the work force and the fact that one in five women is sexually assaulted or raped.
Right wing sites are going nuts.
UPDATE: The clip has been pulled from Vimeo. Below is a possibly short-lived mirror posted by a YouTube user.