Video from [3] Palestinian Media Watch at [4] Daily Motion, kindly sent along to me by Pastorius at [5] Infidel Blogger's Alliance. Pastorius provides this rough translation:

For the Palestinian people, death has become an industry

In which excel the women and all the people of this land:

The older people excel, the jihadists excel

And the children excel

Consequently, [the Palestinians] created a human shield of women, children

Older people and jihadists

Against the Zionist bombing machine

That is telling the Zionist enemy

We want death just as much as you desire life.