iPod neodymium earbuds: very slightly, right before ``champagne''
Sennheiser HD545: no
Cheapass Koss earbud clips: yes, clearly, but not if I press my hands over them

I'm thinking it might have something to do with a resonating frequency in the headphones that are affected. Clearly, there is a very strong tone to that segment.

By the way, I've never heard that song before, but is it all as annoying as that 10 second clip?