Yes, Henry Made a Lady Out of Lizzie is a song. The car they're using in the video is a 1915 British or Canadian-made touring. The color may be legit. I know that in Australia a lot of Fords were sold in colors other than black, some with bodies made in Australia, and some Canadian. Beginning with 1914 models, all USA Fords were black. For the final two years, 1926-1927, other colors were available again.