Definitely above average.
Wow, that was actually really unexpected DiceP (I was assuming this Flash would be sprite based), but not in a bad way.
The animation was pretty decent, and the lip sync was rather good. You drew the MK characters pretty well, but the movement was a bit wooden; I think it could have been more dynamic. Still, I think the animation kept in theme with the subject matter, so that is always a plus.
The music was good, and I really like that theme track from the movie, it gave me some happy flashbacks. The sound effects were ok, but I think mention needs to be made of the voice acting, because it was quite good indeed.
Overall, not a bad submission at all. I did appreciate the humor, even though it seemed a little strained at times. Either way, a nice Flash.
Keep up the good work.