My brother turned me on to this series, kind of similar:
https://www.youtube.com/watch?v=kds7LV0PqJEI love the knobs videos, but i was kind of disappointed that it ended up being more of an ambient/sound piece, rather than a song.
I always thought it would be neat to give a few different musicians/bands the same lyrics and chords and see how they all interpreted it.
There was (is?) a cool series from AV Club where bands do their style covers of other songs...
Gwar covering Kansas
https://www.youtube.com/watch?v=o7EVersJ6ts(sorry, I cant figure out how to embed youtube...)