I wouldn’t say that dirty word if I were you, Dr. Mindbender. I’d have to wash your mouth out with soap.
  -- Agent Matthew Burke (interrupting Dr. Mindbender before he said "Cobra")
Home Toy Commercial Animation G.I.Joe Phantom X-19 & Cobra Bugg (1988)

The inking for the missile discharge appears to have missed its target on the cel.
The scene for the Cobra Bugg's escape is very similar to the comic book commercial for issue number 72.
The slight saturation of the colors is similar to the animation sequence for DEMON and AGP. However, when the Bugg dives into the dark blue water, the stark contrast creates a depressive appearance, which fits moment's mood since Cobra eluded the Joes.

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