The track is the first to be taken from the band's fourth and self-titled album, with the exception of 'Alien Days', which was originally released in April for record store day.
The oddball video sees the band, alongside a number of others, perform various bizarre actions along to the song. There's Henry Winkler, skeletons, oddball imagery and a man eating a banana all make an appearance.
MGMT's self-titled album is due for release on September 17. It will be the band's first since 2010's 'Congratulations', which you can download on ShopTo now.
MGMT - 'Your Life Is A Lie' video