Did someone say beer? I'll definetely be there.
Here's why that embeddded youtube video makes sense: It's from the 90s (not 80s!) and as you can see it has the same euphoria about technology as the net art of that time. The reason why it looks "bad" today is the same reason why 90s net.art looks "bad" today (even though you're right that "bad" turned into awesome)
seriously dude, they post quicker than i can look!