This is a tool-assisted speedrun. For more information, see http://tasvideos.org/2041M.html
Monkey Magic is a tie-in game for the PSX based on the anime of the same name (http://en.wikipedia.org/wiki/Monkey_Magic_(TV_series)) . It features a monkey named Kongo, who can move about in the typical platformer manner, as well as cast various magic spells.
The author here uses a variety of tricks to skip parts of the game, and fly over other parts. Monkeys don't have wings, but that doe