I stumbled across this film of Spike Jones' "Cocktails For Two," and it brought back memories of hearing this on Grandfather Francis' stereo. In fact, he made me a tape of the album it came from: Spike Jones Tests Your Hi-Fi, now sadly out of print, but likely out there in a used record store somewhere.
The same album also featured another classic Jones song: "Wyatt Earp (He Makes Me Burp)," featured in the last portion of this mix:
Yes, that is the voice of Tony The Tiger you hear among the cast -- the late Thurl Ravenscroft.
A tip of my tricorn to The Moderate Voice for bringing this clip to me.