you beat me there..
Believe it or not, I had come up with this exact idea for my second animation, its about half done with a more traditional style of animating (with outlines and stuff) but in mine he cuts Navi in half with a sword and then is confronted by a giant Gannon and then Link has the cutsy anime face of shock saying "what do I do now?" then the tears start streaming. you beat me to it (the joke is simple enough though), well done on the animation!