Heeeee's having, the time of his liii-hiii-hiiiife, and he's neeeever felt like this before... And, yes, the lift happens. And it's pure poetry in motion (mainly because it's undertaken by professional dancers. Corden totally copped out). As for the singing, well, mute is always an option, which is a bonus.
Listen, either you're going to love this, or you'll want your monitor to explode into every sensory orifice your face possesses just to make it end.