This is an advertisement for the Commodore 64 a popular computer in the 80’s. This particular advert has the Elephant sitting on a chair working his own personal unit :).

The Commodore 64 is an 8-bit home computer introduced by Commodore International in January 1982. Volume production started in the spring of 1982, with machines being released on to the market in August at a price of US $595. Preceded by the Commodore VIC-20 and Commodore MAX Machine, the C64 features 64 kilobytes (65,536 bytes) of memory with sound and graphics performance that were superior to IBM-compatible computers of that time. It is commonly known as the C64 or C=64 (after the graphic logo on the case) and occasionally as the CBM 64 (for Commodore Business Machines), or VIC-64. It has also been affectionately nicknamed the “breadbox” and “bullnose” due to the shape and color of the first version of its casing.

Info gleaned from Wikipedia