The lyrics are an affront to all that is good in the universe. Not just because it's weeaboo, but because it means NOTHING. The song serves no purpose except to be a conduit for puns about anime and video games. For instance, if a song is called "Yuri the only one for me," you might suppose that the song contains... yuri. But no, it's merely showing that words. It's the musical equivalent of "Whoa! Letters like 'u' and 'r' can means like 'you' and 'are!'"
But yeah, the melody is alright in a generic pop punk sort of sense.