It's part of the "Holy Week" Procession in Sanlúcar de Barrameda, Spain. But I'm sure you already guessed that.
For what they lack in accuracy, they make up for in breaking it down.
This. THIS is why Nintendo made the switch to 3D graphics.
Many Bothans died to bring you this animation.
You almost got to play a game based around the best part of the Phantom Menace (no, we're not talking about Trade Federation Simulator).