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Some of you who are around my age or a bit older may remember this: I'm almost 100% certain I saw it play in theaters during my early childhood (because I remember missing it when they no longer showed it). A comment on a different YouTube upload of the same material said that Pepsi started releasing it in the late 60s, and re-sent it to all its vendor theaters throughout the 70s, with the last update being in 1978. I remember seeing it before I was 5 or 6, and never again after that.
It is not quite as awesome and strange as LOOK! CHOCOLATE, but it's still pretty cool. Way better than the "Seeing Stars" roller-skating trailer that Coke was airing in theaters for the last few years.