Oops, I realized I forgot to post the video and description of the Glockenspiel. Here's the description, all in my own words of course:

"The Rathaus-Glockenspiel of Munich is a tourist attraction in Marienplatz the heart of Munich.^[1]

Part of the second construction phase of the New Town Hall, it dates from 1908. Every day at 11 a.m. (as well as 12 p.m. and 5 p.m. in summer) it chimes and re-enacts two stories from the 16th century to the amusement of mass crowds of tourists and locals. It consists of 43 bells and 32 life-sized figures. The top half of the Glockenspiel tells the story of the marriage of the local Duke Wilhelm V (who also founded the world famous Hofbräuhaus) to Renata of Lothringen. In honour of the happy couple there is a joust with life-sized knights on horseback representing Bavaria (in white and blue) and Lothringen (in red and white). The Bavarian knight wins every time of course.

This is then followed by the bottom half and second story: Schäfflerstanz (the coopers' dance). In the 16th century a particularly bad period of the plague hit town and everyone went into hiding. The first people to dare go back onto the streets were barrel makers who performed a big dance to show that it was okay to come out again. The Duke of Bavaria was so happy about this that he actually ordered them to re-enact this every seven years, a custom which continues to this day. The dance can be seen during Fasching (German Carnival) but the next one is not until 2012.

The whole show lasts somewhere between 12 and 15 minutes long depending on which tune it plays that day. At the very end a very small golden bird at the top of the Glockenspiel chirps three times, marking the end of the spectacle."

And here's the video. You by no means need to watch all of it; it's pretty repetitive, but at least you can see what all this Glockenspiel business is about.