This is a tool-assisted speedrun. For more information, see http://tasvideos.org/2542M.html
Pepsiman is based on the Japanese Pepsi mascot who appeared in different commercials in Japan. In these he appeared where people were thirsty, quenched the people's thirst, then injured himself most of the time.
The game more or less follows this series of events as you run along stages collecting Pepsi cans, while trying your best to avoid injury or public humiliation. The goal of every stage is