It's "el-oh-el", trust me. But that Minus World thing is awesome, I wonder how it changed from the Japanese to American version... (If it said it in the article, please don't be a jerk about it because due to limited time I couldn't really read it)
Do the Mario! Swing your arms from side to side, come on, it''s time to go do the Mario! Take one step, and then again, let''s do the Mario all together now! You got it! It''s the Mario! Do the Mario! Swing your arms from side to side, come on, it''s time to go do the Mario! Take one step, and then again! Let''s do the Mario altogether now! Come on now! Just like that!