I liked the documentary version of this post better:
https://www.youtube.com/watch?v=DBOINEXp0B8
The concept is from the Illuminatus trilogy. (http://www.boogles.com/local/Illuminati/fnord.text)
Fnord!
For what it's worth, I wasn't trying to write an analysis of They Live, and was just using it as a tongue-in-cheek back drop for a different question.
First sentence spoken in Zizek video: "They Live from 1988 is definitely one of the forgotten masterpieces of the Hollywood left."