Jim Henson and Frank Oz tackling the Computer Age. Push play or go to YouTube. -via the Presurfer
Update: Anita Bath has more details. This funny computer video, titled Coffee Break Machine, was created by Jim Henson in 1967 as an IBM training video. At the time, the monster was named "Arnold the Munching Monster".
When Arnold appeared in Sesame Street in 1969/1970 (its first season), he was unnamed and still rather scary. He quickly was fashioned as the Cookie Monster and took on the toothless "friendly monster" appearance we all know and love today.
I submitted the video to digg (link here) for anyone that likes it. I thought it was hilarious.