Up The Academy(1980)
Mad Magazine's ill-fated attempt to enter the movie world is a tale of several young men sent off to a military academy. This comedy was unfortunately hacked up before its' release and was so revilied (forgive the pun) that Rob Leibman, who had a major role in the movie, asked to have his name removed.
This TV spot doesn't have watermarks.
This TV spot was originally posted to YouTube by robatsea2009.
This is the theatrical trailer for the movie.