No, this is not a promo for a Top Gun sequel (that’s actually in development, by the way). The dude that looks like a pilot is posing in front of a trailer. Nothing to do with Donnie Darko either; those are different evil rabbits.
“Mondo ’77” is taken from Looper’s sophomore record, The Geometrid (2000). We’re still waiting, by the way, for the new Looper album that we were promised back in April 2013 (as well as a box set that was supposed to come out in April of this year, on Mute). Seems Stuart David’s keeping busy writing memoirs about Belle & Sebastian, these days.