(via The House of Commons) A video parody from the University of Sidney's Law Revue that more accurately depicts the nuances in copyright infringement.
From the video:
Downloading movies is not stealing
Copyright is intangible property
Copyright is a chose in action
You would not depreciate your friend's chose in action
Downloading depreciates copyright
Downloading is against the Law
The (Civil) Law
But it's not like the cops will come
So Don't Do It.