I stumbled across this rejected ad last night and its among my favorites now.
http://www.youtube.com/watch?v=a4fpTpTDSqs
Without even viewing the ad at the link you gave I do want to point out something....
The so called “rejected” ads and “banned” ads that you find all over the internet are legitimate ads that are PLACED on the internet. It is called viral advertising, and they get views by people referring others to them, like you just did! (see..it really works!)
These ads must be very effective as they usually look to be very well produced and thus expensive to make. They often employ humor and many are quite edgy, some more so than others.
But always understand that they are legitimate, well thought out, and crafted for presentation on the net.