This is, apparently, not a joke. What it is, is 4 minutes of some poor hired goon trying to pretend like this isn’t the biggest pain in the ass of thing to attempt. The video summary says:
At the DMCA 1201 hearings at the Copyright Office at the Library of Congress, representatives from the MPAA showed a video demonstrating how users can videorecord a TV set. They argue this is an acceptable analog alternative to breaking copy protection on a DVD.
The mind reels.