This ineptly-filmed surreal wonder is a scopitone, produced for a video jukebox of the same name. Here’s a blog featuring many more. Thanks to Mark Martin’s Jabberous blog for pointing this out!
What’s A Scopitone?
It’s a “Film Jukebox” invented in France in the early 1960’s (from surplus World War II airplane parts!) and also the films (the precursors of todays music videos) which played on it.