Each band member gets their own homage of a story: Taxi Driver, Apocalypse Now, Stop Making Sense, Guitar Hero and, um, "November Rain" (skip to 7:30), which was approximately as long as this video

The viewer is supposed to leave with some future-past sense of tragedies to come born of tragedies that have already occurred. It's the kind of trick really good science fiction writers are adept at pulling off by invoking technology and a fear of the unknown. The director tries to create a nostalgic feeling by jumping between '80s-style video, down to the square screen and fuzzy filters applied.