I absolutely loved this! It's one of those songs that took me a few listens to really appreciate, but after everything clicked into place for me, I couldn't get enough.
In the context of the original song, it's funny, because I had totally forgotten that Endless Handbag was a full song - I only remembered the 8 second loop before seeing the full track again in Related Audio. After my first listen of this song, I thought, "This is really cool, but man, this is a big song for something inspired by an 8 second loop!" I read a little more, though, and re-discovered the original. Then, everything made more sense, and I was able to appreciate not only how this feels faithful to that track, but sort of weaves its way through time. The drumming, guitar work, and organ reminded me of rock acts like Queen and King Crimson.
What's really exciting about this to me, though, is how this uses the original song as a base, but still runs away with something wild, exciting, and creative. That in itself feels like it taps into the spirit of Newgrounds so well - taking inspiration from what came before, but still going to new, ambitious places. I'm starting to ramble, but in short - great work!