It was released following a period of massive interest in the Frakta bag, which began with fashion brand Balenciaga creating a £1,705 version of the 40p tote.
"When in April the media started writing more and more about the resemblance between the two bags we saw the opportunity to have some fun with it and we came out with a viral ad within a couple of days," said Acne, referring its spot-the-difference guide.
In today's Opinion column for Dezeen, Will Wiles argues that the bag's internet popularity has been driven by a generation stuck in a rotation of rental flats.
At one point in the short film, released today, a woman bundles her boyfriend's clothes into the bag before tossing it onto the street, while another clip shows the bag being worn as a fashion accessory.
A later scene appears to have taken inspiration from hacked products made from the tote – such as baseball caps and thongs. It captures a dog wearing a Frakta bag coat.
"Frakta is a real symbol of what IKEA stands for," said Acne. "IKEA is for everyone, the ones with thin wallets and the ones with larger wallets."
"IKEA makes design, quality and functionality available for the many people. Being part of everyone's every day. And that is what we show in the campaign."
The Frakta – which means "carry" in Swedish – was originally designed by two of the company's longest-standing employees, siblings Marianne and Knut Hagberg.
Last year, Danish design brand Hay redesigned the iconic blue and yellow bag as part of a collaboration with the Swedish furniture giant.
IKEA was the highest-placed brand in last year's Dezeen Hot List, finishing above companies including Apple, Nike, Google and Vitra.