If you don't understand the context in which this short animated film was made, you'd probably quickly dismiss it. However, this would be a huge mistake as it's super-important to the history of computer generated animation.
Back in 1989, CGI was still relatively new. "Knick-Knack" from Pixar debuted the same year, but full-length computer animated films still had not been released. Animations tended to be blocky And, such projects took years and were STILL created using massive mainframe computers--as PCs were not fast enough or complex enough to do this sort of work. And, most importantly, rendering software had to be created by anyone wanting to do such work. It was a very primitive time for the most primitive sort of CGI.
Interestingly, MEGACYCLES was produced by AT&T Bell Labs, although you wouldn't tend to associate them with CGI today. It consists of some very simple animation BUT they managed to do a heck of a lot with it. You see figures that look like the wooden artist's model that are riding simple unicycles. As the film continues, the camera pulls back and you see more and more and more of them. It's very hypnotic and you can't help but watch!