In some rare downtime between meeting fans at conventions and getting in some quality time with their five-month-old son, Jared and Genevieve collaborated with the band and director Sarah Wilson for the narrative portion of the video, which is intercut with performance footage.
Source 1 and 2
The lyrics aren't on the actual video but they have embedding disabled and this was the only version I could find that I could embed. So yeah, this was released yesterday and it's basically like Instagram: The Music Video.