There is a reason it looks like a movie... because it was directed by none other than Aussie film director Baz Luhrmann (Strictly Ballroom, Romeo and Juliet, Moulin Rouge)! Just be sure to change the spelling error in your title (Chanel - one N, not two).

"Yeah, it's Alan Rickman. The wife is played by Kirsten Scott Thomas and the mistress is played by Juliet Stevenson." from youtube comments

Thanks for the input, Baqueta. I also always thought it was "sings the streets a serenade," but when searching for the complete lyric listing I've found that "streetsuss" appears the only form ever used. After a little more searching, I feel certain that you've pegged it; "street-suss" seems a fairly common term.

From http://www.uri-geller.com/rage.htm :

Robert McNeil finds some aggressive street-suss being directed at the Festival luvvies. ...
"Meanwhile, the bar-room hangouts of the Edinburgh habitues resound to the sound of bitchily dismissive critiques of a 'scuzzy' circus which markets itself with an aggressive sense of street-suss, and which wins popular support by the barrel-load, but scores 'nil points' in Edinburgh's teaming enclaves of fey, androgynous arty-farty folk."

From M-W:

Main Entry: suss
Pronunciation: 's&s
Function: transitive verb
Etymology: by shortening & alteration from suspect
1 chiefly British : FIGURE OUT -- usually used with out
2 chiefly British : to inspect or investigate so as to gain more knowledge -- usually used with out

http://www.google.com/search?q=%22street-suss%22

So, Romeo serenades the bitter night with the fires of street wisdom burning in his soul, completing the sorrowful harmony which echoes through the alleyways and withering branches of barren trees ineluctably entering Juliet's solitude with an offer of sweet remorse.

...or something.

Don't know why, but never really liked this song.....the lyrics were just tooooooo hokey....that Romeo and Juliet shit....these guys really could not write songs that well.......catchy tune you say??? Overplayed says the muse, overhyped and overplayed.....(Goddamn that choggies' a cynical hard to please bastard!!)

Milo O'Shea? From Romeo and Juliet?

Jane Fonda was hot. I must agree.