Could a commerical like this be aired today?

If a commercial like this came out today I'd imagine these children would immediately be labeled as "flaming fairies" or "skipping sausage scuba divers" or something of that nature. Well, it was a different time, when things didn't have to take meaning! When you could slap your best friend while riding a pony and no one would say a damn thing! A better time, when sexual social laws didn't have to apply to children, by God, what have we done?

-Binkie McFartnuggets