Commercial from the early 1990s. Recovered from VHS.
This is an interesting case, because it aired during a show called, I think, "Brought to you by Santa", that seemed to be replaying a bunch of older commercials. The show itself I think aired in 1994 (the "terminus ante quem"), so I am not sure if this commercial is from then or earlier. Also, I apologize for the poor sound quality. Turn the sound all the way up.
It turns out that this is a board game that requires a VHS tape to play, similar to the more modern "Scene It" games. It was released in 1988 by Epyx, who also made video games, including one named "California Games".
http://www.boardgamegeek.com/game/8483
Cropped with Mpg2Cut2, and thus the cut may not be perfect.