This was always one of my favorite Christmas commercials..maybe because it had puppets! Alas, the Kodak Disc camera did not last. Disc film did not prove hugely successful, mainly because the image on the negative was only 11 mm by 8 mm, leading to generally unacceptable grain and poor definition in the final prints. The film was intended to be printed with special 6-element lenses from Kodak, but many labs simply printed discs with standard 3-element lenses used for larger negative formats. The resulting prints often disappointed the consumer.
The film was officially discontinued by the last manufacturer, Kodak, on December 31, 1999, though the cameras had disappeared from the market long before then. I see them at Goodwill on occasion.